Banking Stock Records Strong Beat On PAT at Rs. 2.3bn, Buy For 40% Sharp Return: Emkay Global


Top brokerage firm Emkay Global recommends investors buy the stocks of Karur Vysya Bank (KVB). The firm mentioned, “KVB has reported a strong beat on PAT at Rs. 2.3bn vs. our estimate of Rs. 1.9bn, driven by better margins, higher other income, and lower provisions.”