Leading private sector bank Karnataka Bank Limited has its main office in Mangaluru, Karnataka, India. The bank has a long history dating back more than a century, has become stronger through time, and is widely recognised throughout the nation. Karnataka Bank had a network of more than 860 branches and more than 1,100 ATMs as of March 2021, and its market value was over Rs. 3,500 crores.
The banking industry has long been a desirable industry for investors, and stock market investing can be a rewarding means to increase wealth. Investors are closely monitoring the trends and patterns in the share prices of Karnataka Bank as we head towards 2023 and beyond.
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KARNATAKA BANK IN RECENT NEWS
- Abhishek Sankar Bagchi has been appointed as the new Chief Financial Officer of Karnataka Bank.
- Customers can now avail of up to 7.50% interest on fixed deposits with Karnataka Bank, as the bank raises its fixed deposit rates for a 555-day tenor.
- Karnataka Bank has signed a co-lending agreement with Paisalo Digital Limited
KARNATAKA BANK SHARE PRICE TARGET 2023
|KARNATAKA BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
Karnataka Bank’s share price target for 2023 shows a bullish trend, with an overall uptrend in the stock’s price. The year starts off with a maximum price of ₹148.25 and a minimum of ₹114.04 in February, representing a growth percentage of 29.99% from the previous year’s closing price. While the price dips slightly in March, it recovers in April and continues to rise steadily in the subsequent months.
By the end of the year, Karnataka Bank’s share price is predicted to reach a maximum of ₹198.90 and a minimum of ₹153.00 in December, representing a growth percentage of 48.86% and 26.48%, respectively, from the previous year’s closing price.
KARNATAKA BANK SHARE PRICE TARGET 2024
|KARNATAKA BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
Karnataka Bank’s share price target for 2024 suggests a continuation of the bullish trend seen in 2023, with a significant increase in the maximum share price target. The year starts off with a massive jump, with a maximum price of ₹209.37 and a minimum of ₹1037.03 in January, which is an anomaly in the data and is likely due to a stock split or other corporate action.
In February, the share price stabilizes, with a maximum of ₹235.24 and a minimum of ₹196.04. The trend continues in March, with a maximum of ₹247.63 and a minimum of ₹201.32. The share price dips slightly in April and May before recovering in June, with a maximum of ₹225.11 and a minimum of ₹173.16.
In July, the share price continues to rise, with a maximum of ₹191.35 and a minimum of ₹148.33. The share price reaches a maximum of ₹278.47 and a minimum of ₹214.21 in December.
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KARNATAKA BANK SHARE PRICE TARGET 2025
|KARNATAKA BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The share price target for 2025 suggests a continuation of the bullish trend seen in the previous years, with a maximum target of ₹337.79 and a minimum target of ₹196.01. In January, the share price starts the year off strong, with a maximum of ₹284.04 and a minimum of ₹218.49.
The trend continues in February and March, with the share price reaching a maximum of ₹298.99 and ₹313.94, respectively. The share price dips slightly in April and May before recovering in June, with a maximum of ₹280.30 and a minimum of ₹215.62. The share price continues to rise in July and August, with a maximum of ₹278.08 and a minimum of ₹213.90.
In September, the share price reaches a maximum of ₹291.98, followed by a further increase in October with a maximum of ₹309.50. The share price continues to rise in November, with a maximum of ₹331.16, before ending the year with a maximum of ₹337.79 and a minimum of ₹259.84 in December.
KARNATAKA BANK SHARE PRICE TARGET 2026 TO 2030
|KARNATAKA BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
Looking at the data for Karnataka Bank’s share price for the years 2026 to 2030, we can see a mix of both bullish and bearish trends. In 2026, the maximum price is expected to reach ₹236.45 while the minimum price may fall to ₹165.51.
In 2027, the maximum price is predicted to be ₹200.98, which is lower than the previous year, with a minimum price of ₹140.69. However, the years 2028 and 2029 show a significant uptrend with a maximum price of ₹361.77 and ₹743.13 respectively, indicating potential growth opportunities.
The year 2030 shows a maximum price of ₹827.57, which is the highest price target among all the years, with a minimum price of ₹579.30. Therefore, investors need to keep a close eye on the market trends and company performance to make informed decisions on investment strategies.
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FINANCIAL STRENGTH OF KARNATAKA BANK (2021 TO 2022)
|ANNUAL||FY 2022||FY 2021|
|Total Income Growth (%)||-7.14||-0.12|
|Provisions & Contingencies||1,125.38||1,516.57|
|Provisions & Contingencies Growth (%)||-25.79||23.80|
|Profit after Tax (PAT)||507.99||482.46|
|PAT Growth (%)||5.29||11.74|
|Net Interest Margin (%)||2.70||2.55|
|Net Profit Margin (%)||8.16||7.74|
|Basic EPS (₹)||16.36||15.52|
Karnataka Bank’s financial statement for the last five years reveals a mixed bag of results. The bank’s total income in FY 2022 decreased by 7.14% to ₹7,175.54 crore compared to the previous year. However, the bank managed to maintain a healthy net interest margin of 2.70% in the same period, reflecting good management of its assets and liabilities.
The provisions and contingencies also decreased by 25.79%, indicating better control over credit risk. The bank’s profit after tax (PAT) increased by 5.29% to ₹507.99 crore, although the growth rate was lower than the previous year’s growth of 11.74%.
The basic earnings per share (EPS) also improved marginally to ₹16.36 from ₹15.52 in the previous year. While the bank’s financial statement depicts a mixed growth pattern, the bank’s focus on managing credit risk and maintaining a healthy net interest margin bodes well for the future.
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The maximum share price of Karnataka Bank in 2027 is Rs.
The maximum share price of Karnataka Bank in 2029 is Rs.
The maximum share price of Karnataka Bank in 2030 is Rs.
CONCLUSION: KARNATAKA BANK
It is clear from the financial records over the previous five years that Karnataka Bank has had a mixed track record. Although the bank’s growth in total income and provisions and contingencies have decreased, it has been able to keep its net interest margin stable and increase its profit after taxes moderately. Also, the fundamental EPS has gradually improved over time. Revenue and profit growth at the bank has fluctuated, with some years seeing positive growth and others seeing negative growth.
Due to the bank’s uneven financial performance during the previous five years, it might not be the best choice for investors seeking rapid growth.