FrontPage is India's Stock Market Social Network
Join 50,000+ Traders and Investors
forum

KARURVYSYA Share Price Target

Karur Vysya Bank Ltd.
NSE: KARURVYSYA | BSE: 590003 | ISIN: INE036D01028 | Sector: Banks

KARURVYSYA Rating

3.9/5 (7 Ratings)
KARURVYSYA Share Price *
49.75 +0.25 (0.51%)
* (quote may be delayed)

8 KARURVYSYA share price target reports by brokerages below. See what is analyst's view on KARURVYSYA share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.


You can also find KARURVYSYA share price target tomorrow or next week from KARURVYSYA discussion forum.

KARURVYSYA Share Price Forecast - Consensus
No. of reports in last year
8
No. of analysts
3
Average Consensus Forecast
81.00
Consensus Potential
38.06%

KARURVYSYA Share Price Target - Broker Reports - 2020

6-Jan-20
Price @ Call: 56.85
Target: 64
NEUTRAL
While our estimates remain unchanged, as the impact of this event is difficult to disaggregate and model, we downgrade the stock, yet again, to NEUTRAL, (our BUY was premised solely on inexpensive valuations, ~1x
FY21E). Our revised TP is Rs 64 (1xDec-21 ABV of Rs 64).
... Read more

KARURVYSYA Share Price Target - Broker Reports - 2019

11-Nov-19
Price @ Call: 59.89
Target: 80
HOLD
Sharpening focus on the Retail segment and taking a cautious stance by slowing down advances to the Corporate and SME segment while building revenue as well as profit momentum (loan/PAT CAGR of 9%/79%, respectively, over FY19- 21E) and transformation into a granular and higher RoE business combined with cheap valuations at 1.2x FY21E ABV provides decent scope for re-rating in the long term. However, continued elevated stress in the Corporate and SME books combined with higher credit costs in order to shore up the PCR, should translate to sub optimal ROA in FY20E. We maintain our ‘HOLD’ rating on the stock with a price target of Rs. 80, based on 1.3x FY21E ABV (20% discount to DCB).
... Read more

29-Jul-19
Price @ Call: 65.7
Target: 87
BUY
Bargain emerges Elevated slippages (as guided) and stunted growth made for an in line qtr. With most of the bad news priced in (and no more of it expected), we UPGRADE TO BUY (TP of Rs 87, 1.4x Jun-21E ABV of Rs 62).
... Read more

29-Jul-19
Price @ Call: 65.7
Target: 73
ACCUMULATE
KVB shares are currently trading at a P/Adj.BV multiple of 1.05x/1.00x on FY20E/FY21E adj. book value and we expect the valuation of the bank to remain stressed on the back of poor ROE (average 5.5% for FY20/21), asset quality risks and slow balance sheet growth. We apply a P/Adj.BV multiple of 1.1x to the FY21 adj. BVPS of INR 66 to arrive at a revised target price of INR 73 per share, an upside of 10.4% over the CMP. Accordingly, we reiterate an “ACCUMULATE” rating.
... Read more

17-May-19
Price @ Call: 75.68
Target: 83
ACCUMULATE
We expect the management to continue focus on retail loan segment in the coming future and the housing loans among it to drive the bulk of the growth in the next few years. However, apart from serving own bank account customers (since, 80% of retail loan customers are bank customers of KVB), the retail lending segment is highly competitive with other existing players exhibiting even faster growth, we believe the size of retail loan segment will take longer than the management’s expectation. Hence, we foresee the assets to grow faster in the future with focus on retail, but tighter lending on corporate & commercial loan segment will keep the growth in the higher-single digits. Karur Vysya Bank is currently trading at a P/Adj.BV multiple of 0.90x/0.81x on FY20E/FY21E adj. book value and we expect the valuation discount for the bank to continue on the back of weak ROE outlook (average 4.8% for FY20/21). We apply a P/Adj.BV multiple of 1.3x to the FY21 adj. BVPS of INR 66 to arrive at a target price of INR 83 per share, an upside of 10.6% over the CMP. Accordingly, we assign an “Accumulate” rating.
... Read more

22-May-19
Price @ Call: 78.4
Target: 94
HOLD
Sharpening focus on the retail and SME segments while building revenue as well as profit momentum (loan/PAT CAGR of 15%/97%, respectively, over FY19-21E) and transformation into a granular and higher RoE business combined with cheap valuations at 1.3x FY21 ABV provides decent scope for re-rating in the long term. However, continued elevated stress in the corporate and SME books combined with higher credit costs in order to shore up the PCR, should translate to sub optimal ROA in FY20E. We maintain our ‘HOLD’ rating on the stock with a price target of Rs. 94, based on 1.6x FY21E ABV (33% discount to CUB).
... Read more

27-Feb-19
Price @ Call: 68.1
Target: 90
BUY
Sharpening focus on the retail and SME segments while building revenue as well as profit momentum (loan/PAT CAGR of 14%/85%, respectively, over FY19-21E) and transformation into a granular and higher RoE business combined with cheap valuations at 1.2x FY21 ABV provides decent scope for re-rating. However, continued elevated stress in the corporate & SME book should result in the bank recognizing this pending stress which would mean elevated credit costs for FY20E. We thus revise our rating to ‘Hold’ on the stock with a price target of Rs. 90, based on 1.5x FY21E ABV (33% discount to CUB).
... Read more

18-Feb-19
Price @ Call: 68.6
Target: 77
NEUTRAL
Gross slippage guidance was ~Rs 18.5bn (Corp Rs 7.5bn and SME Rs 10bn) with recoveries of a mere ~Rs 7.5bn for the next 5 qtrs. Our calculations suggest that SME GNPAs could cross ~8% while Corp GNPAs would remain at +20% levels. The emergence of previously unidentified stress and the ability of the P&L to support aggressive provisioning aspirations warrant serious concern. Downgrade the stock to Neutral (even after the steep fall). Revise TP to Rs 77 (1.4x Dec-20E ABV of Rs 55.4).
... Read more

KARURVYSYA Share Price Target - Broker Reports - 2018

3-Dec-18
Price @ Call: 78.89
Target: 110
BUY

4-Oct-18
Price @ Call: 78.31
Target: 114
BUY

26-Oct-18
Price @ Call: 75.71
Target: 116
BUY

27-Jul-18
Price @ Call: 89.35
Target: 134.55
BUY

27-Jul-18
Price @ Call: 89.32
Target: 123.64
BUY

27-Jul-18
Price @ Call: 89.32
Target: 101.82
BUY

22-Mar-18
Price @ Call: 90.12
Target: 111.82
HOLD

15-Mar-18
Price @ Call: 92.73
Target: 145.45
BUY

6-Mar-18
Price @ Call: 96.73
Target: 111.82
HOLD

3-Jan-18
Price @ Call: 110.91
Target: 131.82
BUY

KARURVYSYA Share Price Target - Broker Reports - 2017

12-Dec-17
Price @ Call: 106.45
Target: 140
BUY

19-Sep-17
Price @ Call: 134.51
Target: 161.78
BUY

14-Sep-17
Price @ Call: 128.07
Target: 152.47
BUY

4-Aug-17
Price @ Call: 118.58
Target: 135.53
ACCUMULATE

3-Mar-17
Price @ Call: 100
Target: 90
SELL

31-Jan-17
Price @ Call: 84
Target: 103
HOLD

KARURVYSYA Share Price Target - Broker Reports - 2016

2-Aug-16
Price @ Call: 94.38
Target: 108.8
BUY

  • KARURVYSYA - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    HDFC Securities6422.66%
    Nirmal Bang8038.13%
    KRChoksey7332.19%
  • KARURVYSYA Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 352.05
    Upside Target 251.2
    Upside Target 150.45
    Pivot49.6
    Downside Target 148.85
    Downside Target 248
    Downside Target 347.25
  • KARURVYSYA Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 354.05
    Upside Target 252.2
    Upside Target 150.95
    Pivot49.1
    Downside Target 147.85
    Downside Target 246
    Downside Target 344.75
  • KARURVYSYA Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 372.63
    Upside Target 266.82
    Upside Target 157.38
    Pivot51.57
    Downside Target 142.13
    Downside Target 236.32
    Downside Target 326.88
  • KARURVYSYA Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 351.2
    Upside Target 250.59
    Upside Target 150.21
    Pivot49.6
    Downside Target 148.99
    Downside Target 248.61
    Downside Target 348
  • KARURVYSYA Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 352.2
    Upside Target 251.02
    Upside Target 150.28
    Pivot49.1
    Downside Target 147.92
    Downside Target 247.18
    Downside Target 346
  • KARURVYSYA Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 366.82
    Upside Target 260.99
    Upside Target 157.39
    Pivot51.57
    Downside Target 145.74
    Downside Target 242.14
    Downside Target 336.32
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.