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KTKBANK Share Price Target

The Karnataka Bank Ltd.
NSE: KTKBANK | BSE: 532652 | ISIN: INE614B01018 | Sector: Banks

KTKBANK Rating

5/5 (5 Ratings)
KTKBANK Share Price *
78.6 -0.85 (-1.07%)
* (quote may be delayed)

7 KTKBANK share price target reports by brokerages below. See what is analyst's view on KTKBANK 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 KTKBANK share price target tomorrow or next week from KTKBANK discussion forum.

KTKBANK Share Price Forecast - Consensus
No. of reports in last year
7
No. of analysts
4
Average Consensus Forecast
109.14
Consensus Potential
24.79%

KTKBANK Share Price Target - Broker Reports - 2020

21-Jan-20
Price @ Call: 74.5
Target: 87
BUY
We have revised our NII estimates by -2.2%/-7.2%/-9.8%, PPOP estimates by 11.9%/-8.7%/-7.7% and PAT estimates by 1.7%/-11.8%/8.3% for FY20/FY21/FY22, respectively. We have retained Buy rating on KBL, retaining our target price of Rs87, valuing the stock at 0.4x H1FY22E P/BV.
... Read more

17-Jan-20
Price @ Call: 75.28
Target: 95
BUY
Slippages in Q3 FY20 for Karnataka Bank were `6.4bn, of which `2.5bn came from the previously disclosed stressed accounts. Now, with most of the stress from the corporate book recognized, we expect the slippage run rate to be modest ahead. With stable asset quality, we expect credit cost to moderate in coming quarters leading to RoE normalisation. We retain our Buy recommendation, with a higher target of `95 (earlier `90) at 0.4x P/ABV of its FY22e book.
... Read more

KTKBANK Share Price Target - Broker Reports - 2019

17-Oct-19
Price @ Call: 68.75
Target: 83
BUY

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).
... Read more

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.
... Read more

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).
... Read more

5-Mar-19
Price @ Call: 117.89
Target: 135
BUY
As per the bank, slow growth of NBFCs is likely to continue and in a way, is proving to be positive for the banking industry. Further, in terms of the credit growth, for the bank as well as the industry, MSME sector is likely to be the growth engine going forward . Loan book is improving both quantitatively and qualitatively as evidenced from improved CD Ra- tio, decreasing slippage ratio, declined GNPA & NNPA ratios, improved operational profit and im- proved NII. With sustained credit growth, improved earnings, declining stress in book and CASA target of 29% are positives , bank should be able to wither provision pressure and fur- ther consolidate its position in the ensuing quarter. Therefore, we recommend to BUY with initial target of Rs 135 giving an upside potential of 15%
... Read more

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

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

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

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

KTKBANK Share Price Target - Broker Reports - 2018

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

KTKBANK Share Price Target - Broker Reports - 2017

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

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

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

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

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

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

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

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

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

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

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

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

KTKBANK Share Price Target - Broker Reports - 2016

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

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

  • KTKBANK - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Nirmal Bang878.68%
    AnandRathi9516.37%
    Axis Direct11631.51%
    Rudra Shares & Stocks Brokers13541.15%
  • KTKBANK Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 386.9
    Upside Target 284.7
    Upside Target 181.6
    Pivot79.4
    Downside Target 176.3
    Downside Target 274.1
    Downside Target 371
  • KTKBANK Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 391.77
    Upside Target 287.13
    Upside Target 182.82
    Pivot78.18
    Downside Target 173.87
    Downside Target 269.23
    Downside Target 364.92
  • KTKBANK Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 387
    Upside Target 283.45
    Upside Target 178.65
    Pivot75.1
    Downside Target 170.3
    Downside Target 266.75
    Downside Target 361.95
  • KTKBANK Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 384.7
    Upside Target 282.68
    Upside Target 181.42
    Pivot79.4
    Downside Target 177.38
    Downside Target 276.12
    Downside Target 374.1
  • KTKBANK Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 387.13
    Upside Target 283.71
    Upside Target 181.6
    Pivot78.18
    Downside Target 174.76
    Downside Target 272.65
    Downside Target 369.23
  • KTKBANK Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 383.45
    Upside Target 280.26
    Upside Target 178.29
    Pivot75.1
    Downside Target 171.91
    Downside Target 269.94
    Downside Target 366.75
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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