Karnataka Bank Share Price, a regional banking powerhouse in South India, has seen its share price navigate a dynamic terrain recently. While the year overall has been positive, with a near 15% growth, recent weeks have revealed a more nuanced picture. A dip of around 2% over the past month reflects broader market anxieties as well as potential sector-specific headwinds. However, the bank’s underlying fundamentals remain strong, with robust profitability and a healthy loan book. Investors are likely keeping a close eye on economic cues and the bank’s future growth strategies before making their next move.
- Current Share Price of Karnataka Bank Share Price
- Market Performance of Karnataka Bank Share Price
- Key Statistics of Karnataka Bank Share Price
- Market Capitalization of Karnataka Bank Share Price
- Price Trends of Karnataka Bank Share Price
- Earnings And Financials of Karnataka Bank Share Price
- Is Karnataka Bank share a good buy?
- What is the share price target for Karnataka Bank in 2024?
- Is Karnataka Bank safe for FD?
- Why Karnataka Bank Shares are falling?
- Frequently Asked Questions
Current Share Price of Karnataka Bank Share Price
Karnataka Bank Share Price Returns
| 1 Day | 7.34% |
| 1 Week | 14.45% |
| 1 Month | 17.95% |
| 3 Months | 12.32% |
| 1 Year | 82.62% |
| 3 Years | 301.62% |
| 5 Years | 157.8% |
Market Performance of Karnataka Bank Share Price
| Timeframe | Change | Trend | Possible Influencing Factors |
|---|---|---|---|
| Year-to-Date (YTD) | +15.67% | Positive | – Strong fundamentals (profitability, loan book) – Investor confidence |
| Past Month | -2.01% | Corrective | – Broader market anxieties – Sectoral headwinds – Bank-specific news |
| Past Week | -0.64% | Consolidation | – Investors reassessing situation |
Key Statistics of Karnataka Bank Share Price
| Metric | Value | Description |
|---|---|---|
| Market Price | ₹238.8956 | Current trading price per share |
| Year-to-Date Change | +15.67% | Percentage change in price since January 1st |
| Month-to-Date Change | -2.01% | Percentage change in price since the beginning of the current month |
| Week-to-Date Change | -0.64% | Percentage change in price since the previous Friday |
| 52-Week High | ₹258.00 | Highest price reached in the past year |
| 52-Week Low | ₹124.50 | Lowest price reached in the past year |
| Market Capitalization | ₹17,222.49 Crore | Total value of all outstanding shares |
| Trading Volume | 58,294 shares | Number of shares traded on the day |
| P/E Ratio | 19.12 | Price-to-Earnings ratio, indicating relative valuation |
| Book Value per Share | ₹127.32 | Value of assets per outstanding share |
| Beta | 1.13 | Sensitivity of the stock price to market movements |
Market Capitalization of Karnataka Bank Share Price
As of today, Thursday, October 26, 2023, 2:54 AM PST, the market capitalization of Karnataka Bank (KTKBANK) is ₹17,222.49 Crore.
Market capitalization, often abbreviated as market cap, refers to the total value of a publicly traded company’s outstanding shares. It is calculated by multiplying the current share price by the number of outstanding shares.
Here’s a quick breakdown of Karnataka Bank’s market cap:
- Current Share Price: ₹238.8956
- Number of Outstanding Shares: Approximately 72.22 Crore (source: BSE website)
Price Trends of Karnataka Bank Share Price
Zooming Out: Year-to-Date (YTD):
- Positive Momentum: Encouragingly, Karnataka Bank has witnessed a commendable 15.67% growth in its share price since the beginning of the year. This indicates investor confidence in the bank’s fundamentals, likely fueled by factors like its robust profitability and healthy loan book.
Focusing In: Recent Fluctuations:
- Corrective Phase: However, the past month has seen a 2.01% dip in the share price, reflecting a period of correction after the sustained YTD rise. This can be attributed to broader market anxieties, sectoral headwinds, or bank-specific news.
- Short-Term Consolidation: The past week’s 0.64% decline suggests a phase of consolidation, with investors likely reassessing the situation before making further moves.
Earnings And Financials of Karnataka Bank Share Price
- Income Statement: The income statement shows the bank’s revenues, expenses, and net income over a specific period, typically quarterly or annually. Key metrics include:
- Net Interest Income (NII): Revenue generated from core banking operations.
- Net Profit: The bank’s bottom-line earnings after deducting all expenses.
- Operating Expenses: Costs incurred in running the bank, including salaries, rent, and administrative expenses.
- Provisions for Non-Performing Assets (NPAs): Reserves set aside to cover potential losses from bad loans.
- Balance Sheet: The balance sheet provides a snapshot of the bank’s financial position at a specific point in time. Key metrics include:
- Total Assets: The bank’s total resources, including loans, investments, and cash.
- Total Liabilities: The bank’s obligations, including deposits, borrowings, and other liabilities.
- Capital Adequacy Ratio (CAR): A measure of the bank’s capital strength and ability to absorb losses.
- Asset Quality: Assess the quality of Karnataka Bank’s loan portfolio by analyzing:
- Non-Performing Assets (NPAs): Loans that are overdue for repayment or have defaulted.
- Gross NPA Ratio: The ratio of gross NPAs to total assets, indicating the level of bad loans.
- Net NPA Ratio: The ratio of net NPAs to total assets, adjusted for provisions and write-offs.
- Liquidity and Capitalization: Evaluate Karnataka Bank’s liquidity position and capital adequacy to ensure it can meet its short-term obligations and regulatory requirements.
- Profitability Ratios: Assess Karnataka Bank’s profitability using metrics such as:
- Return on Assets (ROA): The bank’s ability to generate profits from its assets.
- Return on Equity (ROE): The bank’s ability to generate profits from shareholders’ equity.
- Cash Flow Analysis: Review Karnataka Bank’s cash flow statement to understand its sources and uses of cash over a specific period.
Is Karnataka Bank Share a Good buy?
Whether or not Karnataka Bank shares are a good buy for you depends on your individual investment goals, risk tolerance, and investment timeframe. Here’s a summary of some key factors to consider:
Pros:
- Strong financial performance: Karnataka Bank has shown steady growth in revenue and profitability in recent quarters. It also boasts a strong capital adequacy ratio and low debt levels.
- Improving asset quality: The bank’s gross non-performing assets (GNPAs) have been declining, indicating better loan management.
- Attractive valuation: Compared to its peers, Karnataka Bank shares are trading at a relatively lower price-to-earnings (P/E) ratio.
- Positive analyst outlook: Several analysts recommend buying the stock, with an average target price implying potential upside.
Cons:
- Macroeconomic risks: The overall economic slowdown and rising interest rates pose challenges for the banking sector.
- Competition: Karnataka Bank faces stiff competition from larger public sector banks and private sector players.
- Recent share price volatility: The stock has experienced significant price fluctuations in recent months.
What is the Share Price Target for Karnataka Bank in 2024?
With favorable market conditions, the mid-year price target for Karnataka Bank Limited could reach ₹232.93. By the end of 2024, the price target for Karnataka Bank Limited is expected to potentially reach ₹265.85, considering bullish market trends.
Is Karnataka Bank Safe for FD?
- Regulatory Oversight: Karnataka Bank is regulated by the Reserve Bank of India (RBI), which sets guidelines and regulations to ensure the stability and soundness of banks in India. RBI-regulated banks are subject to regulatory oversight and prudential norms to safeguard depositors’ interests.
- Credit Ratings: Credit rating agencies such as CRISIL, ICRA, and CARE provide ratings for banks based on their financial strength, performance, and ability to honor financial obligations. Higher credit ratings indicate a lower risk of default. Checking the bank’s credit ratings can provide insight into its financial health and stability.
- Financial Performance: Evaluate Karnataka Bank’s financial performance, including its profitability, asset quality, capital adequacy, and liquidity position. Reviewing the bank’s financial statements and performance indicators can help assess its ability to generate profits and meet its financial obligations.
- Deposit Insurance: In India, deposits in banks are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme, which provides insurance coverage up to Rs. 5 lakh per depositor per bank. FDs held with Karnataka Bank are covered under this scheme, providing a level of protection to depositors.
- Customer Reviews and Reputation: Consider researching customer reviews, feedback, and experiences with Karnataka Bank’s FD services. Positive reviews and a good reputation for customer service can provide additional confidence in the bank’s reliability.
- Interest Rates and Terms: Evaluate Karnataka Bank’s FD interest rates, terms, and conditions to ensure they meet your investment objectives and preferences.
Why Karnataka Bank Shares are Falling?
- Regulatory Oversight: Karnataka Bank is regulated by the Reserve Bank of India (RBI), which sets guidelines and regulations to ensure the stability and soundness of banks in India. RBI-regulated banks are subject to regulatory oversight and prudential norms to safeguard depositors’ interests.
- Credit Ratings: Credit rating agencies such as CRISIL, ICRA, and CARE provide ratings for banks based on their financial strength, performance, and ability to honor financial obligations. Higher credit ratings indicate a lower risk of default. Checking the bank’s credit ratings can provide insight into its financial health and stability.
- Financial Performance: Evaluate Karnataka Bank’s financial performance, including its profitability, asset quality, capital adequacy, and liquidity position. Reviewing the bank’s financial statements and performance indicators can help assess its ability to generate profits and meet its financial obligations.
- Deposit Insurance: In India, deposits in banks are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme, which provides insurance coverage up to Rs. 5 lakh per depositor per bank. FDs held with Karnataka Bank are covered under this scheme, providing a level of protection to depositors.
- Customer Reviews and Reputation: Consider researching customer reviews, feedback, and experiences with Karnataka Bank’s FD services. Positive reviews and a good reputation for customer service can provide additional confidence in the bank’s reliability.
- Interest Rates and Terms: Evaluate Karnataka Bank’s FD interest rates, terms, and conditions to ensure they meet your investment objectives and preferences.
Frequently Asked Questions
As of today, Thursday, October 26, 2023, 2:54 AM PST, the current price of Karnataka Bank share Price (KTKBANK) is ₹238.8956.
Overall, Karnataka Bank Share Price has enjoyed a positive year with a 15.67% growth in its share price since the beginning of the year. However, recent weeks have seen some fluctuations.
Determining whether it’s a good time to invest in Karnataka Bank share Price requires careful research and analysis. This should include evaluating the factors mentioned above, understanding your risk tolerance, and consulting with a financial advisor.a
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