Karur Vaishya Bank of Tamil Nadu can give a gift of bonus shares to its shareholders after 7 years. The bank’s board is meeting on July 24 to discuss and approve the financial results of the April-June 2025 quarter.
In this meeting, the board will also consider the proposal of bonus shares. After passing the proposal from the board, information will be given about it and then approval will be taken from the shareholders.
The bank last distributed bonus shares in the year 2018. At that time, the shareholders got 1 new share bonus on every 10 stocks with him. Even before this, bonus shares were given in 2010, 2006 and 2002.
The face value of the share of Karur Vaishya Bank of the private sector is Rs 2. The share price closed at Rs 268.15 on Friday, July 18 at BSE. The bank’s market cap is more than Rs 21400 crore.
The stock has increased 110 percent in 2 years and about 30 percent in 1 year. The price has jumped 20 percent in 3 months. The 52 -week high of the stock on BSE is Rs 277.55 and the lower level is Rs 184.40.
In May this year, Emkay Global Financial gave a target price of Rs 300 per share with ‘bye’ rating for Karur Vaishya Bank shares. Anand Rathi set a target of Rs 282 with a ‘bye’ rating.