Rakesh Jhunjhunwala:
If you also want to invest in the stock market, then there is important news for you. These days, the discussion of the stock of Karur Vysya Bank with Rakesh Jhunjhunwala’s portfolio is in full swing. In fact, many stocks in Rakesh Jhunjhunwala’s portfolio have given high returns. If you also want to invest in any of their favorite stocks, then you have a great opportunity for this.
Brokerage houses are recommending Karur Vysya Bank to invest in its stock due to its strong fundamentals. The target for the share is Rs 70. While its current price is around Rs 46. In this sense, returns of up to 52 percent are expected in this stock.
The earnings of the bank in the March 2022 quarter have been the highest in the last 18 quarters. The return on asset (RoA) of the bank is around 1 per cent. The bank has done credit cost control and it is in the range of 1 per cent. If the macro conditions improve further, the bank will get the benefit of this.
Meanwhile, Karur Vysya Bank’s profit for the March 2022 quarter has more than doubled to Rs 213.47 crore. Based on improving macro data and improved asset quality outlook, the bank management expects a pick-up in credit growth in FY23.
As per the shareholding pattern of Karur Vysya Bank for the March 2022 quarter, Rakesh Jhunjhunwala holds 4.5 per cent stake in it. Rakesh Jhunjhunwala holds 35,983,516 shares of the company.
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