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Is Karur Vysya Bank on the cusp of rerating?

We see a meaningful acceleration in earnings in the coming quarters, riding on growth and lower credit cost on account of improvement in asset quality

April 12, 2022 / 03:22 PM IST
Is Karur Vysya Bank on the cusp of rerating?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Karur Vysya Bank (KVB, CMP: Rs 52, M Cap: Rs 4,172 crore) has been one of our favourite mid-cap banking picks and every quarterly performance bolsters our confidence. While the bank had a strong Q3 FY22 as well, much of the rally in the stock has faded, thanks to the market volatility. Is it, therefore, a good time to look at KVB afresh in anticipation of a much better FY23? Worst of asset quality woes over KVB, despite its presence in...

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