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

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.”