Karur Vysya Bank (KVB) from 'Hold' to 'Buy'. " We have upgraded our rating on improving visibility on RoA recovery, continuity of strategic initiatives even after management change and favourable risk-reward.
ICICI Securities has set a target price of ₹74 for this banking stock, 51% higher than its current market price of ₹49.10.Karuru Vysya Bank's share has hit a 52-week high of ₹61.70 and 52-week low of ₹18.75.
The bank's share price is down by 19% in the last one year.Here are the key highlights of the report:> Adequate capital (tier-1 @ 16.4%) and strong liability franchise to support loan growth revival.