If You Invested ₹10,000 In This Rekha Jhunjhunwala Portfolio Stock A Year Back, Here's How Much You'd Have Today

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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Posted In: EquitiesEducationMarketsGeneralKarur Vysya BankMukul AgrawalRekha Jhunjhunwala