KARUR KCP PACKKAGINGS LTD Q1 RESULTS
Small is getting beautiful: 6 small private sector bank stocks with upside potential ranging from 26 to 42% in 1 year
There is a good chance that several large private sector banks may get their shine back on the street. Yet, it is probably time to look at some other banks which don't make the headlines often. There is a set of mid-sized banks which don't have the distribution reach of large, private banks. When it comes to ownership, they are not like PSU banks. They have a different, hybrid kind of ownership, making them sort of quasi-private sector banks. They operate in particular regions, and over a period of time, they have also been forced to clean up their act. They have moved up in the last one year, but that is probably the case with every stock on the bourse. The question is: Can their re-rating be sustained? The answer lies in looking back at what made things happen the way they did.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
Investors with high exposure to mid-caps should start planning for Q3 earnings and how the stocks in their portfolio will react to them. So, while being cautiously bullish, also be nimble-footed when it comes to trading positions. Remember that valuations are not cheap; everything is priced to perfection. As for the long-term trend, unless something hugely negative rocks the global markets, the probability of the mid-caps outperforming the broader market continues to be high. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
These 8 banking stocks can give more than 33% returns in 1 year, according to analysts
In a market that continues to trade at high valuations, the one sector with some “valuation comfort” is banking, and that too for both private and public sector banks. However, one factor, which is cost of deposit, continues to bother banks. And the chances are that it will remain a worry for some time. Even so, it may be a good idea to stay medium-term bullish on banks. Except, of course, small finance banks or anything to do with micro finance. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Private sector banks: Look beyond HDFC and ICICI. 6 quasi-private sector bank stocks with upside potential of 17 to 61%
In sectors like banking, when a regulatory rejig takes place, every player has to follow a new set of rules. This leads to a situation where entities that are large – or are already following best practices – are able to make the transition to the new rules regime quickly and are the first to be rewarded by the street. Others – normally smaller or mid-sized players – take time to adhere to the new rules, and hence catch the street’s attention later. But this time, there is a difference. Large banks that have been getting more than a fair share of the attention are seeing a valuation adjustment. And quasi-private sector banks are catching up.
These 8 bank stocks can give 32 to 53% returns in one year, according to analysts
Many on the street believe the interest rate cycle plays a key role in how a bank’s bottom line shapes up. But, in reality, it is overall economic growth which matters most to banks. They provide the lifeline of capital to all sectors of the economy. When these sectors do well, banks have higher credit growth – a crucial parameter. Of course, parameters like net interest margin and NPAs also matter – but credit growth trumps them. Now, while NPAs have been brought under control, it is low credit offtake that is really troubling banks. Some banks pushed growth by aggressive means, but the regulator was sharp enough to restrain them. It remains to be seen what will dominate the debate: Improvement in credit offtake or cost of deposits.
Possible outliers? 1 mid- & 5 large-cap stocks from different sectors with an upside potential of up to 43%
When it comes to Q2 earnings, there is no debate on the street. There is a rare and clear agreement that they have been disappointing. Most companies – across sectors – have reported muted growth. Is this cyclical? Or an indication that the pace of growth is slowing? The answer to this will be clear in the next few months. But even in this phase, there are companies that have shown improved performance. And when we say improved, we mean not only YoY, but also QoQ. Is the performance better because of industry factors? Or because individual companies did better thanks to internal efficiency?
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These 6 bank stocks can give 20 to 31% returns in one year, according to analysts
It is a well established fact. And it was underlined yet again during the recent correction in the market. Bank stocks lead most falls, and they also bounce back quickly. The October correction in the stock market began with the HDFC Bank stock witnessing strong selling pressure. And it was no surprise that Tuesday’s recovery was led by banks. In fact, a close look reveals that some banks are once again showing a streak of outperformance with strong Q2 results providing the street with an element of positive surprise.Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Karur Vysya Bank Q2 Results: Company posts 25% growth in net profits
Private sector lender Karur Vysya Bank posted a 25.13% growth in net profit for the quarter ended September 30 on strong growth in loans and on containing bad loans.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
The Nifty and Sensex are correcting. A closer look, however, reveals that the correction is not as strong as it could have been. The correction has to be seen in the context that, at this time of the year, markets anyway tend to be more volatile. Yes, companies that are disappointing the street with their Q2 numbers are getting punished. But it is not leading to strong across-the-board weakness. At this point, there is a high probability that, given there are no global hiccups, this phase of correction will pass without major damage to individual stocks. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
With the Q2 earnings season kicking off, the next few days will be critical for the market. So, while being cautiously bullish, also be nimble-footed when it comes to trading positions. Remember that valuations are not cheap – everything is priced to perfection. As for the long-term trend – unless something hugely negative rocks the global markets – the probability of the mid-caps outperforming the broader market continues to be high. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
These 8 bank stocks can give between 22 and 49% returns in 1 year, according to analysts
It was a day of rapid developments. SEBI finally brought in the much-anticipated change in F&O rules. The US markets ended the day in the red. Middle East tensions deepened. And the Gift Nifty was trading with a cut of more than half a percent. There is thus a high probability that when the market opens for trade on Thursday, it will be another day of decline. If there is any institutional-based selling, then even bank stocks could come under pressure. If not, it is likely that it will be the banks that play a role in any recovery – as and when it takes place. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Adani Energy Solutions Q1 Results: Company posts a net loss of Rs 1,191 crore
Adani Energy Solutions (AESL), formerly Adani Transmission Ltd, on Thursday, reported a consolidated net loss of Rs 1191 crore against a profit of Rs 182 crore for the quarter ended June 30. The loss was on account of an exceptional item.
Adani Energy Solutions Q1 Results: Net loss at Rs 824 crore, revenue jumps 47% YoY
Adani Energy Solutions recorded a Rs 824 crore net loss for June 2024, a shift from Rs 175 crore profit last year. Quarterly revenue rose 47% to Rs 5,379 crore from Rs 3,664 crore.
Karur Vysya Bank Q1 Results: Net profit jumps 28% YoY to Rs 459 crore
Its net interest margin for the quarter stood at a healthy 4.13%, although down by 6 basis points year-on-year, as rise in cost of deposit outpaced yield on advances. The bank's net interest income rose 14.3% at Rs 1,025 crore. Cost of deposits rose 52 bps in the past 12 months to 5.48% while yield on advances grew to 10.10%, up by 41 bps.
Karur Vysya Bank Q4 Results: Net profit jumps 35% YoY to Rs 456 crore
The bank's net interest income for the quarter improved 11.5% to Rs 996 crore while other income was 57% higher at Rs 629 crore. The net interest margin for the quarter, however, was at 4.19%, down 18 basis points from 4.37% a year ago.
UltraTech Cement Q4 Results: Board approves dividend of Rs 70/share
The cement maker reported a Profit After Tax (PAT) of Rs 2,258 crore, up 36% YoY, beating the Street estimates of Rs 2,048 crore.
Karur Vysya Bank posts 43% jump in profit
Its net interest margin, a key profitability metric, was at 4.32% for the quarter, a tad lower than the 4.36% seen during the corresponding quarter of the previous year, due to the rise in the cost of funds. The cost of deposits rose by 99 basis points to 5.25% for the quarter.
Adani Energy Q2 Results: Consolidated PAT rises 34% YoY to Rs 276 crore; revenue up 13%
Other income for the quarter stood at Rs 93 crore, compared with Rs 125 crore a year ago.
Breakout Stocks: How KIOCL, Karur Vysya Bank and Tata Consumer are looking on charts for Wednesday’s trade
Stocks that were in focus include names like KIOCL which was up 20%, Karur Vysya Bank rose more than 4% and Tata Consumer Products pared gains after hitting all-time high to close flat.
Karur Vysya Bank Q2 Results: Net profit rises 51% YoY to Rs 378 crore
The bank's net interest margin stood at 4.07% for the quarter under review as compared with 4.10% in the year-ago period. Net interest income rose 11.5% at Rs 915 crore.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%, according to analysts
Even in volatile markets analysts are bullish on selective mid-cap stocks. One of the reasons, impact of developments in Israel has not been as hard as the street was expecting both in commodity and global equity markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
From now onwards, the challenge is sustaining the gains: Karur Vysya Bank MD
“Overall, around 80% of Karur Vysya Bank portfolio is RAM (retail, agriculture and MSME) and 20% is around corporate. We will try to contain these levels more or less and focus on these three segments because the yields are relatively better here compared to corporate.”
Q1 earnings, FII action among top 10 factors to dictate D-Street mood this week
From a technical standpoint, the market is experiencing strong bullish momentum, Santosh Meena, Head of Research at Swastika Investmart, said. "The levels around 19,500–19,600 may act as an immediate supply zone. If this zone is surpassed, the next target levels would be 19,770 and 20,000. On the downside, a slip below the 19,300 level in the Nifty index could trigger profit booking, potentially leading to a decline toward the support levels at 19,100 and 18,888," Meena said
Q4 Results Roundup: How Kalyan Jewellers, Tube Investments, Pfizer India, Karur Vysya Bank fared
Tube Investments reported a rise of 84% in net profit, reaching Rs 251 crore. Pfizer India saw a marginal increase in net profit to Rs 130 crore. Kalyan Jewellers' consolidated revenue for the quarter stood at Rs 3,382 crore, an 18% YoY growth. Karur Vysya Bank reported a 64% YoY increase in net profit to Rs 1,106 crore.
Karur Vysya Bank Q1 Results: Net profit jumps to Rs 229 crore
Net interest margin of the bank rose to 3.82 per cent in the latest quarter under review from 3.55 per cent in the same period a year ago.Total income rose to Rs 1,672.60 crore in Q1FY23 as against Rs 1,579.26 crore in Q1FY22.At the end of June, Gross Non Performing Assets (NPAs) fell to 5.21 per cent of the gross advances from 7.97 per cent at the end of June 2021.
Banking stocks rally on rising rates, improving NPA scene; Experts bullish on uptrend
While the BSE Bank index has risen by 5 per cent since the beginning of 2022, as against a decline of nearly 4 per cent in the BSE benchmark Sensex, some key banking stocks like Bank of Baroda have rallied by 30-40 per cent in the same period, as per the stock exchange data.
Corporate Radar: HUL, HDFC Life Q1 results; Federal Bank to turn ex-dividend; AGMs & more
Hindustan Unilever, HDFC Life Insurance, Ambuja Cements, ICICI Lombard General Insurance, AU Small Finance Bank, Polycab India, Hatsun Agro Product, L&T Finance Holdings and DCM Shriram are among companies that will announce their quarterly earnings today.
Karur Vysya Bank Q4 Results: Profit jumps over two-fold to Rs 213 cr
The bank's interest income grew 4.4 per cent to Rs 1,409.27 crore during the quarter.For the full 2021-22, its net profit jumped 87.3 per cent to Rs 673.27 crore against Rs 359.39 crore in 2020-21, the bank said.The lender's asset quality showed improvement, with the gross non-performing assets (NPAs) falling to 5.96 per cent of the gross advances as of March 31, 2022, from 7.85 per cent a year ago.
Karur Vysya Bank Q3 Results: Net profit jumps multi-fold to Rs 185 crore on lower provisioning
Interest income rose by 4 per cent to Rs 1,405 crore, but income from other sources fell by 26 per cent to Rs 196 crore.
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