SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Karnataka Bank soars on reporting 8% rise in Q1 net profit

25 Jul 2024 Evaluate

Karnataka Bank is currently trading at Rs. 233.50, up by 5.65 points or 2.48% from its previous closing of Rs. 227.85 on the BSE.

The scrip opened at Rs. 228.50 and has touched a high and low of Rs. 235.95 and Rs. 228.50 respectively. So far 303692 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 286.35 on 20-Jan-2024 and a 52 week low of Rs. 192.25 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 235.95 and Rs. 219.60 respectively. The current market cap of the company is Rs. 8820.44 crore.

The Institutions holding in the company stood at 37.57%, while Non-Institutions held 62.42% in the company. 

Karnataka Bank has reported 7.99% rise in its net profit at Rs 400.33 crore for first quarter ended June 30, 2024 as compared to Rs 370.70 crore for the same quarter in the previous year. Total income of the bank increased by 12.02% at Rs 2,557.00 crore for Q1FY25 as compared to Rs 2,282.58 crore for the corresponding quarter previous year.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.


Karnataka Bank Share Price

273.10 -0.40 (-0.15%)
17-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 819.65
ICICI Bank 1441.90
Axis Bank 1328.95
Kotak Mahindra Bank 389.85
Indusind Bank 1027.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: