Buy Karur Vysya Bank with a day target price of Rs 391, says Jagannadham Thunuguntla of SMC Global.
Thunuguntla told CNBC-TV18, "Buy on Karur Vysya Bank with a day target price of Rs 391. The recent management rejig should give fresh energy to the company and also the recent quarter showed the net interest income of the company has moved by 20% and PAT has moved up by 39%. That's very healthy given the current economy situation and also the RBI is expected to increase interest rate this time. If there is a surprise move by RBI, by not increasing the interest rates, banks can have fresh rally. Karur Vysya Bank has been selected with a day price of Rs 391 in that context."
