Thursday, November 03, 2005

Karur Vysya Bank

What is striking about Karur Vysya Bank is it's P/E. At 8, this is one of the "to own" scrips in the banking sector. Add to it an NCA of 160 rupees on a CMP of 472 rupees makes it a stock worth looking at. The dividend yeild is low at 2.11%. Will I buy it or not? Nah, the stock's intrinsic value is still not something that is that exciting but if it reaches a price range of 400-420, then I will put my money on it. So watch out for this scrip.

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