Archive · 21 Jul 2026
Karur Vysya Bank Shares Surge 10% After Q1 Profit Jump
Karur Vysya Bank's shares went up by more than 10% on July 21, 2026, because the bank made a lot more money in the first three months of the year compared to the same time last year.
The bank's profit increased by 45%, and it also raised the interest rates it charges for loans.
The bank's total business, which includes loans and deposits, grew by 16% compared to last year.
Investors are happy because the bank is doing well, even though the overall market is not doing so great.
A financial expert called PL Capital thinks the bank's stock will keep going up and set a target price of ₹345.
Karur Vysya Bank's shares surged over 10% on July 21, 2026, after a 45% YoY jump in Q1 profit.
The bank's net profit increased to ₹756 crore, with a 48 bps YoY increase in net interest margin.
Key metrics like PPoP, CASA ratio, loan book, and deposits showed significant growth.
The bank revised its MCLR rates, with increases in overnight, one-month, six-month, and one-year rates.
Brokerage firm PL Capital has a 'buy' rating on the stock with a target price of ₹345.
- Who
- Karur Vysya Bank
- What
- Reported a 45% YoY jump in Q1 profit and revised MCLR rates
- When
- April-June 2026 (Q1FY27)
- Where
- India
- Why
- Strong financial performance and growth in key metrics
Investor Optimism
Market Sentiment
Stock Performance
Investor Optimism
Investors are optimistic about the bank's strong financial performance and future growth prospects.
Market Sentiment
The broader market sentiment is weak, but the bank's stock defied this trend.
- Net Profit
- ₹756 crore (44.92% YoY increase)
- Net Interest Margin (NIM)
- 4.34% (48 bps YoY increase)
- Pre-Provision Operating Profit (PPoP)
- 36.15% YoY increase
- CASA Ratio
- 27.55%
- Loan Book Growth
- 17.13% YoY
- Deposit Growth
- 14.94% YoY
- Total Business
- ₹2,27,267 crore
- Advances
- ₹1,04,680 crore
- Deposits
- ₹1,22,587 crore
- Brokerage Target Price
- ₹345 (PL Capital)