One of India’s top private sector banks, Karur Vysya Bank, has been in the news for its steady growth and impressive financial results. Investors have been keeping a tight eye on the share price of the bank, which has been remarkably resilient despite the difficulties caused by the COVID-19 outbreak.

Private lender Karur Vysya Bank announced on Monday that its net profit for the three months ending in March 2023 increased by 58.3 percent to 338 crores. This compares to a net profit of 214 crore reported in the comparable quarter of the previous fiscal year.
In the meantime, its net interest income (NII), which is the difference between interest earned and spent, increased by 25.7% year over year (YoY) to 892.6 crores from 710 crores. According to a regulatory filing of Karur Vysya Bank, total revenue in Q4 FY23 increased to $2,169 crore from $1,615 crore in Q4 FY22. Subject to shareholder approval, the board of directors of Karur Vysya Bank has recommended a dividend of $2 per equity share with a face value of $2 (i.e. 100%) for the fiscal year ending March 31, 2023. With a decrease in gross non-performing assets (GNPA) to 2.27 percent in Q4FY23 from 2.70 percent in Q4FY22, the lender’s asset quality improved. Gross NPAs for the bank decreased from 3,431 crores to 1,458 crores in value terms. Net NPA decreased from 0.90 percent in Q4FY22 to 0.74 percent in Q4FY23.

Several experts are optimistic about Karur Vysya Bank’s prospects and have set lofty price objectives for its shares as they believe that the Indian economy will recover in the upcoming years. In this post, we’ll examine the growth-promoting variables for the bank in more detail and examine what share price performance investors might anticipate over the following ten years.

CLICK HERE TO KNOW MORE:

Startup Financing: 6 Ways to Fund Your New Business

KARUR VYSYA BANK IN RECENT NEWS

• The Board of Directors of Karur Vysya Bank has recommended a 100% dividend to shareholders of Rs 2 of the face value of the share Rs 2.
• Shares have gained over 4% due to the declaration of results on Monday. 
• Karur Vysya Bank gets an add call from HDFC Securities with a target price of Rs 119.

KARUR VYSYA BANK SHARE PRICE TARGET 2023

Overall, the data for each month in 2023 shows a range of fluctuations in the Karur Vysya Bank share price. While there are periods of growth and decline, the share price is generally expected to increase as the year progresses . However, the share price recovers somewhat in June, with a maximum of ₹97.40 again. From July onwards, the share price is expected to experience steady growth, with a maximum of ₹141.42 predicted for November and a high of ₹158.40 expected in December. 

KARUR VYSYA BANK SHARE PRICE TARGET 2024

The data for each month in 2024 for Karur Vysya Bank’s share price shows a range of fluctuations throughout the year. January is expected to see a significant increase in the share price, with a maximum of ₹166.73 and a minimum of ₹1037.03. This indicates a potentially strong start to the year. The growth is expected to continue in February, with a maximum of ₹187.34 and a minimum of ₹156.12. March sees a further increase in the share price, with a maximum of ₹197.20 and a minimum of ₹160.33. However, there is a slight dip in April, with a maximum of ₹179.27 and a minimum of ₹137.90. This dip is followed by a recovery in May, with a maximum of ₹149.39 and a minimum of ₹114.92. From June onwards, the share price is predicted to experience steady growth, with a maximum of ₹221.76 predicted for December and a minimum of ₹170.59 in the same month. 

CLICK HERE:

ADANI PORTS SHARE PRICE TARGET 2023,2025,2030: CAN IT REACH 3000INR?

KARUR VYSYA BANK SHARE PRICE TARGET 2025

January 2025 is predicted to have a maximum share price of ₹226.20 and a minimum of ₹174.00, with a similar pattern continuing into February and March. There is a slight dip in April, with a maximum of ₹223.22 and a minimum of ₹171.71, followed by a slight recovery in May with a maximum of ₹202.93 and a minimum of ₹156.10. From June onwards, the share price is predicted to experience steady growth, with a maximum of ₹269.00 predicted for December and a minimum of ₹206.92 in the same month. 

KARUR VYSYA BANK SHARE PRICE TARGET 2026 TO 2030

 In 2026, the maximum share price is predicted to be ₹188.30 and the minimum to be ₹131.81. The trend continues into 2027, with a maximum of ₹160.05 and a minimum of ₹112.04. However, there is a sharp increase in 2028, with a maximum of ₹288.10 and a minimum of ₹201.67. This upward trend continues into 2029, with a maximum of ₹591.80 and a minimum of ₹414.26, indicating a potentially lucrative investment opportunity. In 2030, the maximum share price is predicted to be ₹659.05, with a minimum of ₹461.33. 

CLICK HERE:

SBI SHARE PRICE TARGET 2023,2025, 2030: CAN IT REACH 5000INR BY 2025?

FINANCIAL STRENGTH OF KARUR VYSYA BANK (2018 TO 2022)

According to the financial statement of Karur Vysya Bank for the last five years, the bank’s total income has seen fluctuations, with the highest revenue generated in FY 2020 and the lowest in FY 2021. The bank’s provisions and contingencies have also seen a similar trend, with a significant increase in FY 2020 followed by a drop in the subsequent year. Despite this, the bank’s profit after tax (PAT) has shown impressive growth, with a significant surge of 87.34% in FY 2022, making it the highest in the last five years. However, the PAT had faced a dip in the FY 2019 and FY 2018 compared to the previous year, leading to a decline in the percentage growth. The net interest margin has been consistent, ranging from 3.16% to 3.43%, while the net profit margin has shown a steady increase over the years. The basic EPS has also increased from FY 2018 to FY 2022. Overall, despite facing some challenges in terms of provisions and contingencies, Karur Vysya Bank has shown impressive growth in its PAT and profit margin over the last five years, indicating its financial stability and potential for future growth.

CLICK HERE TO KNOW:

Hindustan Unilever Ltd Share price target 2023,2025,2030: Can it reach 10000INR by 2025?

FAQ’s

What is the maximum share price target of Karur Vysya Bank in 2026?

The maximum share price target of Karur Vysya Bank in 2026 is Rs. 188.30

What is the maximum share price target of Karur Vysya Bank in 2027?

The maximum share price target of Karur Vysya Bank in 2027 is Rs. 160.05

What is the maximum share price target of Karur Vysya Bank in 2028?

The maximum share price target of Karur Vysya Bank in 2028 is Rs. 288.10

What is the maximum share price target of Karur Vysya Bank in 2029?

The maximum share price target of Karur Vysya Bank in 2029 is Rs. 591.80

What is the maximum share price target of Karur Vysya Bank in 2030?

The maximum share price target of Karur Vysya Bank in 2030 is Rs. 659.05

CONCLUSION: KARUR VYSYA BANK SHARE PRICE TARGET

Karur Vysya Bank’s financial statements for the previous five years indicate that the company has had a mixed track record. The growth of PAT and profit has far outpaced that of total income and revenue, which has fluctuated. The bank’s bottom line has benefited from its focus on cutting back on provisions and contingencies. The bank’s net interest margin, which has been stable but not increased, has faced difficulties. Overall, given the bank’s potential for growth and efforts to enhance its financial performance, investing in Karur Vysya Bank shares may be a decent choice for individuals who are willing to take on some risks.

Suhani