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Karnataka Bank Gains 6%; BSE BANKEX Index Up 0.4%
Mon, 24 Nov 14:24

Karnataka Bank Gains 6%; BSE BANKEX Index Up 0.4%Image source: Eoneren/www.istockphoto.com

Karnataka Bank share price has zoomed 6% and is presently trading at Rs 201.2.

Meanwhile, the BSE BANKEX index is at 66,391.5 (up 0.4%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 2.0%) and AU SMALL FINANCE BANK (up 1.6%).

Indusind Bank (down 0.3%) and Bank of Baroda (down 0.2%) are among the top losers today.

Over the last one year, Karnataka Bank has moved up from Rs 199.9 to Rs 201.2, registering a gain of Rs 1.3 (up 0.7%).

On the other hand, the BSE BANKEX index has moved up from 57,382.6 to 66,391.5, registering a gain of 15.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were AU SMALL FINANCE BANK (up 56.4%), SBI (up 24.7%) and IDFC FIRST BANK (up 24.3%).

Peak India: Grab this Opportunity Before it Catches More Momentum

What About the Benchmark Indices?

The BSE Sensex is at 85,194.3 .

The top losers among the BSE Sensex today are Power Grid Corp. (down 1.5%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Eternal Ltd and Tata Steel.

In the meantime, NSE Nifty is at 26,039.6 (down 0.1%). JSW Steel and Bharat Electronics are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 77,155.8 to 85,194.3, registering a gain of 8,038.5 points (up 10.4%).

Karnataka Bank Financial Update...

Karnataka Bank net profit fell 5.1% YoY to Rs 3,192 million for the quarter ended September 2025, compared to a profit of Rs 3,362 million a year ago. Net sales declined 2.5% to Rs 21,792 million during the period as against Rs 22,341 million in July-September 2024.

For the year ended March 2025, Karnataka Bank reported 2.6% decrease in net profit to Rs 12,728 million compared to net profit of Rs 13,066 million during FY24. Revenue of the company grew 8.6% to Rs 90,136 million during FY25.

The current Price to earnings ratio of Karnataka Bank, based on rolling 12 month earnings, stands at 6.6.

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