Hold Karnataka Bank With Stop Loss Of Rs 172

Hold Karnataka Bank With Stop Loss Of Rs 172Stock market analyst Shrikant Chouhan of Kotak Securities has maintained 'hold' rating on Karnataka Bank Ltd stock.

According to analyst, the interested investors can hold the stock with stop loss of Rs 172 to achieve a target of Rs 200.

The stock of the company, on August 19, closed at Rs 178.60 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 12.95 and 13.72 respectively.

The share price has seen a 52-week high of Rs 188.85 and a low of Rs 111 on BSE.

The bank has raised rates of interest on domestic term deposits by 25 to 100 bps w. e. f. August 11.

For a period of 1-year to below 2 years, the rate of interest stood at 7.5%.

Besides, mobilization of current account savings account (CASA) deposits, credit growth and decline of NPA are up on the bank's expansion program for the existing fiscal.

P. Jayarama Bhat, Managing Director of Karnataka Bank, stated that liquidity will tauten in the coming time and periodically rates of interest on deposits will go up.