Karnataka Bank Share Price Today on 06-11-2024: Karnataka Bank share price are down by -0.05%, Nifty up by 1.12%

Karnataka Bank Share Price Today on 06-11-2024: At 06 Nov 16:02 today, Karnataka Bank shares are trading at price ₹218.65, -0.05% down from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹221.95 and a low of ₹217.05 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, The stock is indicating a trend reversal after a strong downtrend..

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 5.90 & P/B is at 0.71.

The median 1-year forecasted upside in this share is at 23.94% 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 down -0.05% today to trade at ₹218.65 while its peers are mixed. Its peers such as are falling today, but its peers Jammu & Kashmir Bank, RBL Bank, Equitas Small Finance Bank, Ujjivan Small Finance Bank are on the rise. Overall, benchmark indices Nifty & Sensex are up 1.12% & 1.13% each respectively.