Karur Vysya Bank (KVB) demonstrates strong quarterly performance driven by improved realisations and robust loan growth in targeted segments. Despite challenges in the banking sector, the bank maintains respectable interest margins and asset quality, although concerns about CASA and potential declines in return on assets persist. Valuations remain reasonable, reflecting a positive medium-term outlook.
The market experienced significant selling pressure on October 25, marking its fifth consecutive decline, with 2,138 shares falling against 376 rising on the NSE. The prevailing trend suggests a bearish outlook, favoring a 'sell on rally' strategy. Vinay Rajani, a Senior Technical and Derivative Analyst at HDFC Securities, provides insights on trading strategies for stocks like Britannia, Karur Vysya Bank, and others.
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