Buy Karnataka Bank, target Rs 172.10 ICICI Direct

ICICI Direct has a buy call on Karnataka Bank with a target price of Rs 172.10.

The current market price of Karnataka Bank is Rs 170.30. Time period given by the analyst is intraday when Karnataka Bank price can reach defined target. ICICI Direct recommended to keep a stop loss at Rs 166.50. Karnataka Bank, incorporated in the year 1924, is a banking company (having a market cap of Rs 4,757.92 Crore).

Karnataka Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 3,793.56 Crore to Sales Value (73.15 per cent of Total Sales), Income From Investment which contributed Rs 1298.23 Crore to Sales Value (25.03 per cent of Total Sales), Interest which contributed Rs 91.42 Crore to Sales Value (1.76 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 2.19 Crore to Sales Value (0.04 per cent of Total Sales)for the year ending 31-Mar-2017.