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Karur Vysya Bank: Why there is upside in spite of the huge run-up

Business growth, stability in margin, improvement in cost-to-income ratio, and lower credit cost to support earnings

December 06, 2022 / 01:33 PM IST
Karur Vysya Bank: Why there is upside in spite of the huge run-up

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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

Highlights Strong financial performance continues Robust growth in advances supported by all segments Margin improving, confident of stability with large part of the book floating Asset quality comfortable, credit cost to remain benign Deposits need a focused strategy Valuation still undemanding and has room to rerate We had picked Karur Vysya Bank (KVB,CMP:Rs 99 Market Cap: Rs 7,999 crore) as a deep-value stock and reiterated our positive stance when the stock was at Rs 58 in September this year. The northward journey continued unabated and only...

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