17th May 2017, Delivery pick
Buy Karur Vysya Bank around 113-117 for the target 130-140 , with the stoploss of 111 or 108 respectively , with 2-3 month time frame. Reason behind buy due to robust retail loan book growth. This is expected to improve asset quality & provide headroom for further growth. Now stock trade at 1.22x FY18E P/BV Multiple. #Abhi #FATEHKREGAKHALSA