Sudarshan Sukhani of s2analytics.com is of the view that one can avoid Karnataka Bank.
Sukhani told CNBC-TV18, "Purely on the charts Karnataka Bank is a buying opportunity but I wouldn’t touch it. It is a question of tactics. Karnataka Bank moves on news which I don’t understand. It rallied and then it suddenly fell. Again a new rally has started, so it could do good to traders who are comfortable with this one but I would actually avoid it."
The company's trailing 12-month (TTM) EPS was at Rs 10.87 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 14.66. The latest book value of the company is Rs 137.95 per share. At current value, the price-to-book value of the company was 1.16. The dividend yield of the company was 2.2%.
The share touched its 52-week high Rs 198.80 and 52-week low Rs 74.00 on 11 December, 2012 and 04 June, 2012, respectively. Currently, it is trading 19.64% below its 52-week high and 115.88% above its 52-week low. Market capitalisation stands at Rs 3,008.82 crore.
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