Karur Vysya Bank gains on reporting 28% rise in Q1 net profit
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Karur Vysya Bank is currently trading at Rs. 211.35, up by 1.65 points or 0.79% from its previous closing of Rs. 209.70 on the BSE.
The scrip opened at Rs. 211.05 and has touched a high and low of Rs. 213.95 and Rs. 206.20 respectively. So far 83726 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.95 on 20-Jun-2024 and a 52 week low of Rs. 115.50 on 21-Aug-2023.
Last one week high and low of the scrip stood at Rs. 214.50 and Rs. 196.30 respectively. The current market cap of the company is Rs. 17136.64 crore.
The promoters holding in the company stood at 2.20%, while Institutions and Non-Institutions held 51.60% and 46.21% respectively.
Karur Vysya Bank has reported 27.89% rise in its net profit at Rs 458.65 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 358.63 crore for the same quarter in the previous year. Total income of the bank increased by 20.61% at Rs 2,672.88 crore for Q1FY25 as compared to Rs 2,216.07 crore for the corresponding quarter previous year.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
