Rekha jhunjhunwala portfolio stock karur vysya bank share surges 10 percent today expert bullish says buy – Business News India

read on the appRekha Jhunjhunwala Portfolio Stock to Buy: After the excellent quarterly results, the shares of Tamil Nadu's commercial bank Karur Vysya Bank (karur vysya bank)

continue to rise. During trading on Wednesday, the third trading day of the week, the stock jumped 10% to Rs 107.70 on the BSE. At the end of trading, the share price was Rs

105.08. This is an increase of 7.51% compared to the previous day. brokerage is bullishMost brokerages are bullish on the bank's stock and have raised the target price to buy. It

will have an edge in cost of deposits as compared to peers, according to brokerage ICICI Securities. After having a stable workforce, the bank now intends to hire aggressively,

according to the brokerage. The brokerage has a target price of Rs 145. Besides, analysts at Antique Stock Broking in their note said the bank continued to deliver a healthy core

performance. Betting on this stock will be correct. Antique has raised the target price on Karur Vysya to Rs 140 per share from Rs 130 earlier. TDS will not be deducted on the

interest of women savings scheme, big relief to investors strong quarterly resultsKarur Vysya Bank's net profit for the March quarter of 2022-23 increased by 59 percent

to Rs 338 crore. The bank's total income for the quarter increased to Rs 2,169 crore from Rs 1,615 crore in the corresponding quarter of the previous fiscal. Interest income also

went up to Rs 1,768 crore. The bank's board has recommended a dividend of Re 2 or 100 per cent for the financial year ending March 31, 2023. IPO price is Rs 62 to 65, you will be

able to invest from next week, signs of bumper profits on listing veteran investor's betThe stock has been a part of veteran investor Rakesh Jhunjhunwala's portfolio.

After his death, this portfolio is now handled by Rakesh Jhunjhunwala's wife Rekha. As per the shareholding pattern, Rekha holds 3,59,83,516 equity shares or 4.50% stake in the

bank, which is worth ₹402 crore. (Disclaimer: Here only information about the performance of the stock is given, it is not an investment advice. Investing in the stock market is

subject to risk and before investing, consult your advisor.)