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KTKBANK Share Price Target

Karnataka Bank Ltd.
Sector: Banks
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KTKBANK Share Price *
77.35 +0.3 (0.39%)
* (quote may be delayed)
KTKBANK Share Price Forecast - Consensus
No. of reports in last year
13
No. of analysts
6
Average Consensus Forecast
136.62
Consensus Potential
43.21%

KTKBANK Share Price Target - Broker Reports - 2019

Axis Direct
27-Aug-19
Price @ Call: 77.75
Target: 116
BUY
While the bank has maintained its asset quality, improvement in operating performance has to be seen. Operating profit growth is likely to be aided by improved NII with NIM bottoming out and focus on retail segment. However the elevated credit cost with low PCR of ~28% will impact the bottom-line. The stock is quoting at attractive valuations of ~0.4x FY21E ABV and we retain BUY on KBL with TP of Rs 116 (0.6x FY21E ABV).
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Nirmal Bang
16-Jul-19
Price @ Call: 102.25
Target: 118
BUY
Karnataka Bank (KBL) reported 4QFY19 results with the key pointers being: (1) Stock of GNPAs was contained; improving NPAs guidance retained with only 2 accounts majorly concerning (2) Multiple levers on the income front – improving yields, traction in TPP tie-ups and liability franchise build-up – could drive growth (3) Cost reduction measures, opening low-cost branches and digitalization are likely to support profitability from a cost perspective. (See comprehensive conference call takeaways on page 2 for significant incremental colour.) Per se, on the key P&L items, KBL posted 5.6% NII growth YoY at Rs4,946mn, PPOP decline of 5.1% YoY at Rs3,500mn and PAT growth of 7.5% YoY at Rs1,754mn. We have revised our estimates for FY20/FY21 and retained Buy rating on KBL, revising our target price on it to Rs118 (from Rs119 earlier) and valuing the stock at 0.5x FY21E P/BV.
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Axis Direct
31-May-19
Price @ Call: 113.47
Target: 130
BUY
Weaker margins and higher opex led to decline in KBL’s operating profit in Q4.With most of the corporate-book stress already recognized, we expect the slippage run rate to ease. However, stress could arise from agriculture portfolio, since most of the concentration is in the home state which will be a key monitrable. Controlled provisioning is a key positive for the bank although higher opex and lower provision coverage remain negatives. However, the stock is quoting at attractive valuations of ~0.5x FY21E ABV and we retain BUY on KBL with TP of Rs 130 (0.6x FY21E ABV).
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Rudra Shares & Stocks Brokers
5-Mar-19
Price @ Call: 117.89
Target: 135
BUY

Axis Direct
6-Feb-19
Price @ Call: 115.6
Target: 135
BUY

Arihant Capital Markets
16-Jan-19
Price @ Call: 119.2
Target: 136
ACCUMULATE

Edelweiss
15-Jan-19
Price @ Call: 119.05
Target: 145
BUY

Nirmal Bang
14-Jan-19
Price @ Call: 115.95
Target: 143
BUY

KTKBANK Share Price Target - Broker Reports - 2018

Axis Direct
21-Nov-18
Price @ Call: 103.95
Target: 136
BUY

Arihant Capital Markets
20-Oct-18
Price @ Call: 97.79
Target: 135
BUY

Centrum
16-Oct-18
Price @ Call: 98.4
Target: 160
BUY

Nirmal Bang
16-Oct-18
Price @ Call: 98.4
Target: 149
BUY

Edelweiss
12-Oct-18
Price @ Call: 99.76
Target: 138
BUY

Choice Equity Broking
24-Jul-18
Price @ Call: 110.55
Target: 167
BUY

AnandRathi
23-Jul-18
Price @ Call: 109.63
Target: 130
HOLD

Axis Direct
20-Jul-18
Price @ Call: 109.3
Target: 136
BUY

Centrum
17-Jul-18
Price @ Call: 110.3
Target: 180
BUY

Nirmal Bang
16-Jul-18
Price @ Call: 114.4
Target: 155
BUY

Arihant Capital Markets
13-Jul-18
Price @ Call: 116.28
Target: 135
ACCUMULATE

Edelweiss
13-Jul-18
Price @ Call: 116.28
Target: 163
BUY

Edelweiss
17-May-18
Price @ Call: 117
Target: 163
BUY

Centrum
17-May-18
Price @ Call: 116.26
Target: 180
BUY

Axis Direct
23-Jan-18
Price @ Call: 159.21
Target: 195
BUY

Choice Equity Broking
20-Jan-18
Price @ Call: 158.91
Target: 213
BUY

Edelweiss
17-Jan-18
Price @ Call: 153.3
Target: 207
BUY

Arihant Capital Markets
15-Jan-18
Price @ Call: 167
Target: 170
NEUTRAL

Centrum
15-Jan-18
Price @ Call: 167
Target: 240
BUY

KTKBANK Share Price Target - Broker Reports - 2017

Axis Direct
29-Nov-17
Price @ Call: 158.5
Target: 195
BUY

AnandRathi
30-Oct-17
Price @ Call: 157.8
Target: 199
BUY

Arihant Capital Markets
23-Oct-17
Price @ Call: 156.65
Target: 170
HOLD

Centrum
23-Oct-17
Price @ Call: 156.65
Target: 200
BUY

Choice Equity Broking
29-Sep-17
Price @ Call: 142.19
Target: 213
BUY

Axis Direct
26-Jul-17
Price @ Call: 157
Target: 192
BUY

Kotak Securities
18-Jul-17
Price @ Call: 159.15
Target: 220
BUY

Kotak Securities
27-Jun-17
Price @ Call: 164.55
Target: 220
BUY

Edelweiss
17-May-17
Price @ Call: 171
Target: 187
BUY

Arihant Capital Markets
16-May-17
Price @ Call: 164
Target: 190
ACCUMULATE

Centrum
29-Mar-17
Price @ Call: 140
Target: 170
BUY

Arihant Capital Markets
24-Jan-17
Price @ Call: 120
Target: 130
HOLD

KTKBANK Share Price Target - Broker Reports - 2016

Arihant Capital Markets
26-Dec-16
Price @ Call: 105.95
Target: 136
BUY

Axis Direct
23-Dec-16
Price @ Call: 109
Target: 140
BUY

  • KTKBANK - Share Price Target Potential

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    BrokerageTargetPotential
    Axis Direct11633.58%
    Nirmal Bang11834.70%
    Rudra Shares & Stocks Brokers13542.93%
    Arihant Capital Markets13643.35%
    Edelweiss14546.86%