From mint · Nishant Kumar · · 1m
Karur Vysya Bank Shares Jump 6% to 52-Week High
Karur Vysya Bank shares surge 6% to 52-week high after Q2 results beat estimates.
In brief
Karur Vysya Bank shares surge 6% to 52-week high after Q2 results beat estimates. Karur Vysya Bank shares rose 6% to a 52-week high following Q2 results that exceeded earnings estimates. Originally reported by mint.
Share Price Jump
Karur Vysya Bank shares rose 5.9% to ₹ 365.85, hitting a 52-week high after Q2 results.
Q2 Results
Karur Vysya Bank reported a 40.91% year-on-year rise in net profit to ₹ 1,543 crore for Q2FY27.
Deposit and Advance Growth
Deposits increased 15.96% year-on-year and 4.52% quarter-on-quarter, while advances grew 20.35% year-on-year and 6.60% quarter-on-quarter.
Net Interest Margin
Net interest margin increased 28 basis points year-on-year to 4.34%.
Brokerage Views
Systematix maintains a buy call with a target price of ₹ 410, citing strong asset quality and stable net interest margin.
Earnings Outlook
Management expects net interest margins to remain above 4% for the next two quarters with FY27 guidance of 18, 20% advances growth.
What to remember
Karur Vysya Bank shares rose 6% to a 52-week high following Q2 results that exceeded earnings estimates.
