Karnataka Bank’s net profit grows 105% in Dec quarter
The asset quality also improved during the period. The Gross NPA has declined by eight basis points (bps) to 3.28 % from 3.36 % as compared to the sequential previous quarter. Similarly, the Net NPA also declined by six bps to 1.66 % from 1.72 % as compared to the sequential previous quarter, the bank said in a press release
76 stocks turned multibaggers since last Budget. Which sectors may benefit this time?
In the last Budget, which was pro-growth, Sitharaman had increased capex by 35%. Nifty had welcomed the Budget with great vigour and closed the Budget day session on a cheerful note, up 1.4%.
Kotak MF picks up smallcap bank stock that doubled in one year
Also, a meeting of the banks board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing
Karnataka Bank shares gain on appointment of Sekhar Rao as executive director
Sekhar Rao will be an executive director of the bank for three years effective from the date of taking charge. This is subject to the approval of the shareholders.
Public sector companies hogged the limelight during the month, particularly the railway companies and state-run lenders. Other gainers majorly belonged to infrastructure and related sectors.
Naveen Kulkarni is betting on these 4 themes in broader market
“In the midcap-smallcap side of the basket, sector wise, we like banks as a sector, we like capital goods or industrials and then of course auto and consumer discretionary. These are the four broad sectors that we like. When we look at banks, we are definitely looking at the tier two banks, the likes of Federal Bank and DCB, banks which make an interesting case and even a bank like Ratnakar Bank Ltd.”
Traders book profit in this bank stock after 4 days of non-stop rally
On November 2, the stock clocked around 20% gains after strong earnings for the quarter ended September. During the quarter, the Mangaluru-headquartered bank posted an all-time high quarterly net profit of Rs 411.5 crore, recording 228% growth compared to the profit during the same period last year.
Big Movers on D-St: What should investors do with Karnataka Bank, SBI and Titan Company?
Stocks that were in focus included names like Karnataka Bank which was up over 14%, SBI which rose more than 1% ahead of results, and Titan Company which closed flat also ahead of results.
Anand Rathi is bullish on Karnataka Bank has recommended buy rating on the stock with a target price of Rs 140 in its research report dated November 02, 2022.
Karnataka Bank rallies 19% to hit new 52-wk high after a strong Q2 show
For the half year ended September, the net profit stood at Rs 525.5 crore, which is also an all-time high, the bank said in a press release. The business turnover of the Bank has touched a new high of Rs 1,41,505.87 crore as of September 30.
Traders shall play on both sides to make most of volatility: Kunal Shah
The Indian stock market is in a strong bull run and every bull run has sharp profit booking during its journey which we are witnessing currently. The undertone remains bearish in the short term as long as we stay below the level of 18,000.
Hot Stocks | HG Infra Engineering, Welspun Corp, Karnataka Bank can fetch up to 20% return in short term. Here's why
The benchmark indices like Nifty and Sensex could consolidate or may witness minor correction in the near term, as there is no support coming in from global equity markets.
IDBI Bank launches special FD with interest rate of up to 6.7%
IDBI Bank has launched a special fixed deposit scheme known as "Amrit Mahotsav FD" with a 500-day maturity period and a limited period offer. The new plan has an interest rate of up to 6.70 percent.
Karnataka Bank has promoted three of its Deputy General Managers Jayanagaraja Rao S, Ananthapadmanabha B and Ramesh Bhat as General Managers. Rao is a postgraduate in business administration with PG diplomas in management and operations management, while Ananthapadmanabha is a PG diploma holder in computer applications and Bhat is a post-graduate in agriculture.