Karur Vysya Bank zooms on reporting 42% rise in Q3 net profit
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Karur Vysya Bank is currently trading at Rs. 185.55, up by 15.75 points or 9.28% from its previous closing of Rs. 169.80 on the BSE.
The scrip opened at Rs. 175.90 and has touched a high and low of Rs. 188.55 and Rs. 175.15 respectively. So far 533640 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 188.55 on 23-Jan-2024 and a 52 week low of Rs. 92.80 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 188.55 and Rs. 165.15 respectively. The current market cap of the company is Rs. 14941.43 crore.
The promoters holding in the company stood at 2.24%, while Institutions and Non-Institutions held 50.37% and 47.40% respectively.
Karur Vysya Bank has reported results for third quarter ended December 31, 2023 (Q3FY24).
The bank has reported 42.29% rise in net profit at Rs 411.63 crore for the quarter ended December 31, 2023 as compared to Rs 289.29 crore for the same quarter in the previous year. Total income of the bank increased by 24.07% at Rs 2497.17 crore for Q3FY24 as compared Rs 2012.71 crore for corresponding quarter of the 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.
