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Akhilesh Jat SEBI RA

21st Jul Β· SEBI-Registered Analyst

πŸš€ Karur Vysya Bank Soars 12% After Strong Q1; Nears All-Time High

$KARURVYSYA surged over 12% today, approaching its all-time high level, after delivering a robust Q1 performance that impressed investors. The bank reported a 44.9% YoY jump in net profit to β‚Ή756 crore, compared to β‚Ή521 crore in the corresponding quarter last year. Net Interest Income (NII) grew 31.8% YoY to β‚Ή1,423 crore, while Net Interest Margin (NIM) improved to 4.34% from 3.86%. Operationally, the bank crossed a major milestone, with advances surpassing β‚Ή1 trillion, reaching β‚Ή1.04 trillion, while deposits rose to β‚Ή1.23 trillion, both registering 6% QoQ growth. The strong earnings and business growth have fueled sharp buying interest in the stock. πŸ“Œ Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.

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