Karnataka Bank Ltd., incorporated in the year 1924, is a banking company (having a market cap of Rs 1919.62 Crore).
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1868.62 Crore, down -3.36 % from last quarter Total Income of Rs 1933.52 Crore and down -6.27 % from last year same quarter Total Income of Rs 1993.68 Crore. The bank reported net profit after tax of Rs 135.37 Crore in latest quarter.
Investment Rationale
Post multi-week decline, the stock is gradually gaining positive traction. Positive follow-up action could attract a short term rally.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2020, while FIIs held 7.3 per cent, DIIs 6.2 per cent and public and others 86.5 per cent.
