India's Karur Vysya Bank up on block deal

Karur Vysya Bank

27/02/2024 08:27

** Shares of Karur Vysya Bank  KARU.NS  rise 2.6% to 183.4
rupees
    ** Over 1 mln shares trade hands in a block deal priced at
180.2 rupees - LSEG data
    ** Price is at ~1% premium to KARU's Monday close
    ** Lender snaps six consecutive sessions of losses
    ** More than 4.4 mln shares change hands, 1.2x its 30-day
avg
    ** Twelve analysts covering the stock on avg have a "strong
buy" rating; median PT is 202.5 rupees - LSEG data
    ** KARU trading above its 200-day simple moving avg since
July 20, 2022
    ** Stock up ~9% in Q4, eyes fourth consecutive monthly gain


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))