Invest Wiser With Karur Vysya: 135% Returns In 6 Months
If you had invested ₹1 lakh in May 2022, you could have had ₹2.35 lakhs today! This multibagger has given its investors returns of 135% in 6 months. Here is a quick look at the company.
🏦 Stock Name: Karur Vysya Bank Ltd.
🏦 NSE: $KARURVYSYA
⭐ About The Company
Founded in 1916, the company was started by M.A. Venkatarama Chettiar and Athi Krishna Chettiar with a seed capital of ₹1.20 lakh in a small agricultural town of Karur, Tamil Nadu, to provide financial aid to agriculturalists. Karur Vysya Bank has been a pioneer in the banking industry for over 100 years. Currently, it is among the leading banking firms that provide a range of financial services like retail banking, treasury options and commercial financing.
💵 Revenue Giant
Earning a revenue of more than ₹5400 crores, Karur Vysya Bank has diversified its portfolio across various financial fields, making it a well-established banking service provider in India. The banking firm has a wide presence in southern India. At present, the company has more than 780 branches and 1700 ATMs spread across 20 states and 3 union territories.
💹 Market Giant
With a workforce of more than 7000 employees, Karur Vysya Bank caters to a range of customers, both commercial and personal. On the commercial front, the company provides general insurance, demat account management and business financing. Personal customers can avail services like personal loans, housing loans and fixed deposits. Karur Vysya Bank is also involved in agricultural banking and is responsible for schemes like Green Trac and KVB Happy Kisan.
🧓🏼 Rakesh Jhunjhunwala
A penny stock on Rakesh Jhunjhunwala’s portfolio, Karur Vysya Bank’s net profits grew by 52% last quarter to ₹250 crores. The company has received a number of recognitions, including ‘The Best Small Bank’ and ‘The Fastest Growing Small Bank’. In April 2022, the company crossed a milestone, with its total business crossing ₹1.25 lakh crores, out of which ₹58,086 crores are advances and ₹68,676 crores are deposits.
💰 Stock Value
On May 12, 2022, the company’s shares were trading at ₹42.40, while they were priced at ₹99.80 as of November 11, 2022.