Day -Karur Vysya Bank Ltd up by 9.95 percent | Espresso

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Espresso Shot of the Day -Karur Vysya Bank Ltd up by 9.95 percent

December 08, 2022
Espresso Shot of the Day -Karur Vysya Bank Ltd up by 9.95 percent

KARUR VYSYA BANK LTD 111.05  (+9.95%) BSE – INE036D01028 | 8th December 2022

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Karur Vysya Bank, popularly known as KVB, was initiated by the two great visionaries, the Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar in the year 1916 to financially assist traders and agriculturists in and around Karur. With the same fundamentals and values, the bank has been providing excellence in banking services for 100+ years and ever since then, they have spread their wings with 782 branches across the country.


Recent Drivers

  • On December 7,2022, Karur Vyasa bank Ltd raised the lending rates by 25 basis points across tenors.
  • Karur Vysya Bank received reaffirmation in credit rating from ICRA for certificate of deposit programme of Rs 3000 crore at ICRA A1 on December 1,2022
  • On November 7,2022, the net profit of Karur Vysya Bank rose 51.24% to Rs.250.23 crores for the quarter ended September 2022, as against the Rs.165.45 crores reported during the previous quarter ended September 2021.
  • On November 7,2022, the total operating Income rose by 12.99% to Rs.1579.48 crores in the quarter ended September 2022, as against Rs.1397.95 crores during the previous quarter ended September 2021.
  • On October 29,2022, Karur Vysya Bank Limited (KVB) chalked out plans to bring down its gross and net non-performing assets (NPAs) to below 3% and 1% respectively by March 23.
             (Sources: BSE, Money control, Business Standard,The Hindu)


Technical Force

  • S&P BSE Small cap month till date gain by 1.14%.
  • 3 months avg. BSE volume: 1,054,935.
  • Traded on new 52-Week High value 111.85.
  • Spurt in volume by more than 2.82 times.
  • Quantity traded: 14,97,881| Deliverable quantity: 5,21,712 (34.83%).
  • Stock price jumped by more than 160 % from a one-year low level: 41.75 (May 16, 2022)
  • Daily RSI (14) is near overbought territory today.
  • 52-week-high: 111.85| 52-week-low: 41.75.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

86.73

75.62

60.63

49.52

34.53

23.42

8.43

-

Fibonacci Pivot

75.62

65.65

59.49

55.52

49.52

43.51

39.55

33.39

23.42


Today’s Close

111.05

SMA

BSE

10 DAY

101.67

20 DAY

101.94

50 DAY

94.69

200 DAY

63.65


Some Key Ratios (Source: BSE)

Market Cap:  8,885.53 Crores

PE:  10.12

OPM%: -

ROE%:  11.04

Promoters holding%: 2.28

Prev. Close:  101.00


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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.