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are you looking out for a multi-bagger stock which is priced less than 100 rupees well a Rakesh dungeon Wala backed multi-bagger stock which is below 100 rupees is actually being seen as a good bet after the strong Q2 show or the strong Q2 results now scheduled Commercial Bank karur ycr bank is what we are talking about which is a small cap stock And Trades below 100 rupees currently now the stock is just a couple of rupees away from hitting its 52-week high we do see that on Tuesday karur vysya Bank actually had witnessed strong buying sentiment and that was despite the broader markets being quiet bearish now this is due to the strong set of numbers uh the bank had garnered in the second quarter of financial year uh also when you talk about the stock has really nearly doubled this year and even has emerged as a multi-bagger stock as well now so far this year the stock has skyrocketed by 100 on the Lal Street the stock was nearly 46 six rupees well you talk about at the beginning of this year in January however in a year span you know when you talk about one year periods the stock has actually risen over 82 percent from the level of 50 rupees that was seen on October 25th on 2020 in 2021 now what you can see is in that last one year time span over 80 percent of returns have already been seen on the stock now remember late Rakesh dunwala is one of the major investors in karur vysya bank and as per trend line data as of October 25th of 2022 uh Rakesh engineer is holding in karur vysya bank is around 333 crore rupees remember that late rakhi chunjunwala's portfolio has a 4.5 stake in this bank and has also been maintaining this stake ever since June quarter of 2020.
now remember when we talk about the quarter two earnings let's look at the fine print there the Tamil Nadu based bank had garnered a net profit of 250 crores in Q2 of fi 23 Rising by 52 on a year-on-year basis while the net interest income stood at 821 crore rupees and that's up by 21 on a Wire One y basis as well now when you talk about the net interest margin that has improved to 4.07 in Q2 of f523 now during the quarter the bank's credit portfolio also searched by 15 you're on here taking its advances to 61846 crore rupees also it says that credit off take continues to improve both on a year-on-year basis and Q and Q terms as well that's sequentially and on a year-on-year basis as well uh when we talk about the kind of uh you know aiding of growth it has done of the advances portfolio too now the lenders dual loan portfolio has risen by about 15 percent year-on-year to over 15 460 crore rupees the asset quality has also improved with the gross NPA coming at 3.97 in q2fy20 3 versus 7.38 growth that we had seen in Q2 of fy22 and uh you know when you talk about sequential bases it was a 5.96 in q1 of fy23 so you can see a substantial Improvement both quarterly sequentially and on a y oh y basis as well now the key positives for this quota for this company were the moderating slippages the pickup in the credit growth which is a money many are high as well multi-year High uh there were better margins that was reported the strong liquidity and capitalization as well with the credit growth expected to be in the mid teens and also moderating credit costs and earnings are expected to be strong even going forward so should you really buy karur vysya Bank after the Q2 earnings well unless at NK Global in their report have said and I quote that Banks business transformation Journey which started during us while MD's tenure had been further accelerated by the current management engaging in LA natural hiring from large private banks for strengthening the liability and asset business as well unquote now on the back of its impressive Q2 numbers many experts have actually given a buy rating on the stock including brokerage houses with a Target price that ranges between 115 Rupees to 125 rupees ahead so what you're waiting for that's a multivather stock that could be in the making but don't forget to speak to your own financial advisor before taking your pick in this talk if you like the video do like comment share and subscribe
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