Karnataka Bank Share Price Today on 05-11-2024: Karnataka Bank share price are up by 1.58%, Nifty up by 0.91%

Karnataka Bank Share Price Today on 05-11-2024: At 05 Nov 16:01 today, Karnataka Bank shares are trading at price ₹218.75, 1.58% up from the previous closing price. Sensex is trading at ₹79476.63, up by 0.88%. The stock has hit a high of ₹219.25 and a low of ₹215.15 during the day.

On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at 50,100,300 days SMA

The SMA values for the stock are given below :

Karnataka Bank Share Price Today

Overall, as per Mint technical analysis, While the stock is exhibiting preliminary indications of a trend reversal following a significant downtrend, continued monitoring is advised..

From a fundamental analysis perspective, the company has a ROE of 13.71% & ROA of 1.21% respectively.The current P/E of the stock is at 5.82 & P/B is at 0.71.

The median 1-year forecasted upside in this share is at 23.89% with a target price of ₹271.00.

The company has a 0.00% promoter holding, 12.48% MF holding, & 10.29% FII holding as per filings in the september quarter.

The MF holding has decreased from 13.36% in june to 12.48% in the september quarter.

The FII holding has decreased from 14.72% in june to 10.29% in the september quarter.

Karnataka Bank share price up 1.58% today to trade at ₹218.75 while its peers are mixed. Its peers such as RBL Bank, Ujjivan Small Finance Bank are falling today, but its peers Jammu & Kashmir Bank, Equitas Small Finance Bank are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.91% & 0.88% each respectively.