India's Karur Vysya Bank rises on higher June-qtr deposits

Karur Vysya Bank

03/07/2023 05:23

** Shares of Karur Vysya Bank  KARU.NS  rise as much as 3.5%
to 129 rupees, highest since June 19
    ** Co said on Saturday that total deposits were up 13.75%
YoY and advances up 13.95% YoY for the quarter ended June 30
    ** Adds that total business rose 13.84% YoY in the quarter
    ** Almost 1.4 mln shares change hands as of 9:46am IST, 0.3X
the 30-day moving average
    ** All 12 analysts rate the stock "buy" or "strong buy;
median PT is 145 rupees - Refinitiv data
    ** Stock up 10.1% YTD as of last close    

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))