₹231.25
0.32%
Low
Day's Volatility:1.77%
High
1.45%
44.52%
Low
52 Weeks Volatility:68.43%
High
23.91%
Returns % | |
1 Month Return | -2.71 % |
3 Month Return | -9.12 % |
1 Year Return | 73.74 % |
Market Stats | |
Previous Close | ₹231.75 |
Open | ₹233.00 |
Volume | 22.66L |
Upper Circuit | - |
Lower Circuit | - |
Market Cap | ₹8,723.91Cr |
based on 2 analysts
Based on 2 analysts offering long term price targets for Karnataka Bank Ltd. An average target of ₹337
Source: S&P Global Market Intelligence
Organisation | Karnataka Bank Ltd |
Headquarters | |
Industry | Banks |
E-voting on shares | Click here to vote |
Key events for Karnataka Bank Ltd
Karnataka Bank is trading at a lower P/E ratio than the industry average, indicating undervaluation. The bank's net profit increased slightly from Rs. 330 crore to Rs. 331 crore in Q3FY24, while net NPA rose from 1.36% to 1.55%. In FY23, CASA ratio stood at 32.97%, increasing marginally to 32.96% in FY22. FIIs hold 18.86% and DIIs hold 23.06% of shares as of March 2024.
Karnataka Bank Expands Collaboration with FISDOM to Offer 3-in-1 Accounts - 11 Apr, 2024
Karnataka Bank has partnered with FISDOM to offer savings, demat, and trading accounts through its mobile banking app. The bank's Q3 FY24 standalone net profit rose to Rs 331.08 crore, while net sales grew by 18.7% YoY. Karnataka Bank shares fell by 0.26% to close at Rs 232.20 on April 10, 2024.
Karnataka Bank partners with FISDOM to offer 3-in-1 accounts - 10 Apr, 2024
Karnataka Bank has partnered with FISDOM to offer a 3-in-1 savings, demat and trading account through its mobile banking app. This will enable customers to invest in stocks and mutual funds seamlessly, streamlining their investment journey by consolidating their demat and trading accounts.
Karnataka Bank Completes Planned Capital Raise Program - 01 Apr, 2024
Karnataka Bank completes its planned capital raise program of Rs 1,500 crore with the approval of a QIP issue of Rs 600 crore. The proceeds will be used to meet the growing business needs of the bank. The bank's standalone net profit increased to Rs 331.08 crore in Q3 FY24.
Karnataka Bank Raises Rs 600 Crore Through QIP - 30 Mar, 2024
Karnataka Bank has successfully concluded a qualified institutional placement (QIP) of equity shares, raising approximately Rs 600 crore. The proceeds will be utilized to meet the needs of the growing business of the bank. Additionally, the bank signed an agreement with ICICI Lombard General Insurance Company to distribute their general insurance products to its customers.
Fundamentals of Karnataka Bank Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Best in 1 Year
In the last 1 year, KTKBANK has outperformed top 5 stocks with highest market-cap in Banks
Profit Spike
Netprofit is up for the last 2 quarters, 330.24 Cr → 331.21 Cr (in ₹), with an average increase of 0.3% per quarter
MF Holding Up
Mutual Funds have increased holdings from 6.42% to 9.74% in Mar 2024 quarter
Best in 3 Years
In the last 3 years, KTKBANK has outperformed top 5 stocks with highest market-cap in Banks
Revenue Rich
Revenue is up for the last 2 quarters, 2.27K Cr → 2.43K Cr (in ₹), with an average increase of 6.7% per quarter
FII Holding Down
Foreign Institutions have decreased holdings from 18.89% to 18.86% in Mar 2024 quarter
Retail Holding Down
Retail Investor have decreased holdings from 62.00% to 58.09% in Mar 2024 quarter
Price Dip
In the last 1 month, KTKBANK stock has moved down by -2.7%
Karnataka Bank Ltd in the last 5 years
Lowest (2.62x)
May 26, 2020
Today (5.31x)
April 30, 2024
Industry (21.60x)
April 30, 2024
Highest (6.47x)
January 20, 2024
Investors | Holdings % | Prev. 2 periods | 3M change |
---|---|---|---|
Promoter Holdings | 0% | 0.00 | |
Foreign Institutions | 18.86% | ||
Mutual Funds | 9.74% | 51.66 | |
Retail Investors | 58.09% | ||
Others | 13.32% | 4.90 |
Technicals of Karnataka Bank Ltd share
News & Events of Karnataka Bank Ltd
Karnataka Bank Ltd (KTKBANK) share price today is ₹231.25
Karnataka Bank Ltd is listed on NSE
Karnataka Bank Ltd is listed on BSE
PE Ratio of Karnataka Bank Ltd is 5.31
PE ratio = Karnataka Bank Ltd Market price per share / Karnataka Bank Ltd Earnings per share
Today’s traded volume of Karnataka Bank Ltd(KTKBANK) is 22.66L.
Today’s market capitalisation of Karnataka Bank Ltd(KTKBANK) is ₹8723.91Cr.
Karnataka Bank Ltd(KTKBANK | Price |
---|---|
52 Week High | ₹286.55 |
52 Week Low | ₹128.3 |
Karnataka Bank Ltd(KTKBANK) share price is ₹231.25. It is down -19.30% from its 52 Week High price of ₹286.55
Karnataka Bank Ltd(KTKBANK) share price is ₹231.25. It is up 80.24% from its 52 Week Low price of ₹128.3
Karnataka Bank Ltd(KTKBANK | Returns |
---|---|
1 Day Returns | -0.5% |
1 Month Returns | -2.71% |
3 Month Returns | -9.12% |
1 Year Returns | 73.74% |