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The Karur Vysya Bank shares scaled a fresh 52-week high of Rs 152 on October 18 as the stock rallied 7 percent since the lender posted record profit for the September quarter a day before.
Given the bank’s modest core performance, broad-based advances growth, good asset quality, and positive outlook, brokerages remain bullish on the stock.
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Karur Vysya Bank reported a net profit of Rs 378 crore for the quarter ended September 2023, a 51 percent on-year increase….
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