If You Invested ₹10,000 In This Rekha Jhunjhunwala Portfolio Stock A Year Back, Here's How Much You'd Have Today
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Shares of Karur Vysya Bank have had an incredible rally this past year. Even in the past month, the stock has gone up over 15%. The stock counts both Rekha Jhunjhunwala and Mukul Agrawal among its investors.

The Investment: So, if you had invested ₹10,000 in this bank stock a year back on June 22, 2022, when the stock closed at ₹44.75, you would have received around 223 shares. With this momentous rally, the value of your stake in the lender would have gone up over ₹27,429. An over 170% return on your initial investment.

Background: The private lender reported its earning for the quarter ended March last month. The bank saw a significant surge of 58.3% in net profit for the quarter to ₹338 crore, as against the ₹214 crore profit reported in the same quarter last year.

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The net interest income (NII) – the difference between the income a bank makes from its lending activities and the interest it pays to depositors -of the company experienced a notable increase of 25.7% year-on-year, reaching ₹892.6 crore.

The numbers also impressed analysts at ICICI Securities who upgraded the stock’s rating to ‘buy’ from ‘add’ rating and raised the price target to ₹145 from ₹120.

As per the latest shareholding pattern, Rekha Jhunjhunwala holds 3,59,83,516 equity shares or a 4.50% stake in the bank. Ace investor Mukul Agrawal owns a 1.06% stake or 85 lakh shares in the Tamil Nadu-based bank.

Price Action: Karur Vysya Bank’s share price was up 0.08% to trade at ₹123.20 in the late hours of trading on Wednesday.

Disclaimer: Benzinga India doesn't give financial advice. The above article is for educational purposes alone.

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EquitiesEducationMarketsGeneralKarur Vysya BankMukul AgrawalRekha Jhunjhunwala