Buy Karur Vysya Bank, target price Rs 73: ICICI Securities

ICICI Securities has buy call on Karur Vysya Bank with a target price of Rs 73. The current market price of Karur Vysya Bank Ltd. is Rs 57.2.

Karur Vysya Bank Ltd., incorporated in the year 1916, is a banking company (having a market cap of Rs 4564.12 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 1601.80 Crore, down -3.87 % from last quarter Total Income of Rs 1666.26 Crore and down -9.19 % from last year same quarter Total Income of Rs 1763.84 Crore. The bank reported net profit after tax of Rs 34.63 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 2.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 21.7 per cent, DIIs 20 per cent and public and others 56.2 per cent.