We see a meaningful acceleration in earnings in the coming quarters, riding on growth and lower credit cost on account of improvement in asset quality
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Karur Vysya Bank (KVB, CMP: Rs 52, M Cap: Rs 4,172 crore) has been one of our favourite mid-cap banking picks and every quarterly performance bolsters our confidence. While the bank had a strong Q3 FY22 as well, much of the rally in the stock has faded, thanks to the market volatility. Is it, therefore, a good time to look at KVB afresh in anticipation of a much better FY23? Worst of asset quality woes over KVB, despite its presence in…
