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  • SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388
  • COS GETTING FRESH FDI IN SECTORS WHERE FDI CAPS HAVE GONE UP: SOURCES
  • NEW NORMS TO CONSIDER TOTAL FOREIGN INVESTMENT NOT TOTAL INVESTMENT: SRCS
  • CCEA NOD NEEDED ONLY FOR INVESTMENTS OF RS.1200 CR AND ABOVE: SOURCES
  • GOVT TO EASE NORMS FOR FDI REQUIRING CABINET APPROVAL: SOURCES
  • NO PLANS TO OFFER HOME LOANS AT 8%: NW
  • OCTOBER UNEMPLOYMENT RATE RISES TO 10.2% VS 9.8% (MOM)
  • EMPLOYERS CUT PAYROLLS BY 190,000 IN OCTOBER VS ESTIMATE OF 175,000
  • FOREIGN FUNDS NET BUY RS.587.02 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
  • DOMESTIC FUNDS NET BUY RS.236.62 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
  • KINGFISHER RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
  • KINGFISHER RAISES FUEL SURCHARGE BY RS.100 ON SECTORS UPTO 1000 KM
  • JET AIRWAYS RAISES FUEL SURCHARGE BY RS.100-150 ON SECTORS UPTO 1000 KM
  • NET PROFIT AT $455 MN VS LOSS OF $24.6 BN (YOY)
  • TOTAL REVENUES AT $26.05 BN VS $898 MN (YOY)
  • MUTUAL FUNDS NET BUY RS.34.3 CR IN EQUITIES ON NOVEMBER 5
  • FOREIGN FUNDS NET BUY RS.267.6 CR ($56.8 MN) IN EQUITIES ON NOVEMBER 5
  • OVER 7% GROWTH ACHIEVABLE IN FY'11
  • TO EXPLORE STIMULUS EXIT MODE NOW; WINDING DOWN STIMULUS TO CUT DEFICIT
  • SENSEX UP 1.65%, NIFTY UP 1.8% FOR THE WEEK
  • CNX MIDCAP INDEX UP 3.9%, BSE SMALLCAP INDEX UP 1.6%
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  • GETS U.S. FDA NOD FOR GENERIC ACULAR
  • TO RAISE UPTO $300 MN VIA FCCBS
  • EXTENDING 8% HOME LOAN SCHEME TILL 31ST MARCH , 2010
  • INDIAN RAILWAYS SHOULD RATIONALISE PASSENGER FARES UPWARD
  • TO RAILWAYS: STOP CROSS SUBSIDISING FARES AND FREIGHTS
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  • ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA
Updated: 09/07/2009 | 12:00 AM IST
Block deal lifts Karur Vysya Bank
Capital Market
Thursday, July 09, 2009 (New Delhi)
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The block deal constituted 0.67% of the bank's equity.

Meanwhile, the BSE Sensex was up 70.15 points, or 0.51%, 13,839.30.

On BSE, 4.30 lakh shares were traded in the counter. The stock had an average daily volume of 15,713 shares in the past one quarter.

The stock hit a high of Rs 275 and a low of Rs 267.20 so far during the day. The stock hit a 52-week high of Rs 410.50 on 4 August 2008 and a 52-week low of Rs 158 on 12 March 2009.

The mid-cap bank stock had underperformed the market over the past one month till 8 July 2009, falling 10.43% as compared to the Sensex's 8.98% fall. It had outperformed the market in the past one quarter, rising 32.65% as compared to the Sensex's return of 27.45%.

The bank's current equity is Rs 53.95 crore. Face value per share is Rs 10.

The current price of Rs 271.50 discounts the bank's Q4 March 2009 annualized EPS of Rs 62.15, by a PE multiple of 4.37.

In the Union Budget 2009-2010 announced on Monday, 6 July 2009, the government did not announce any sops for the banking sector. Banks were anticipating to get tax relief on interest earned on infrastructure lending in the Union Budget 2009-2010.

Karur Vysya Bank's net profit rose 18.8% to Rs 83.82 crore on 22.9% growth in operating income to Rs 435.19 crore in Q4 March 2009 over Q4 March 2008.

The bank's gross non-performing assets (NPA) rose 5.97% to Rs 205.86 crore as at 31 March 2009 from Rs 194.27 crore as on 31 March 2008. The ratio of gross NPAs declined to 1.95% as of 31 March 2009 from 2.03% as of 31 March 2008. The net NPA as of 31 March 2009 was at 0.25%.

The bank's focus is on retail and small and medium enterprises segment.

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Ashuu Kakkarr
Ashuu Kakkarr
0.48% status
Current: Rs 848.75
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The stock may touch Rs 120 in 6-8 months
The investors can hold the stock for the medium term with a stoploss of Rs 45
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Today's Analyst: Shruti Vora
Query : Hitesh Sarkar, an investor from Surat, has 500 Wockhardt at Rs 194/share.