Karur Vysya Bank Share Price Falls 6% After a 25% YTD Gain: What Is Dragging Rekha Jhunjhunwala’s Stock?
- October 23, 2026
- Posted by: Kunal Singla
- Category: News
Karur Vysya Bank share price traded at Rs 333.80 at about 12:25 PM on 23 Oct 2026, down 6.25% from Rs 356.05. It is still up about 24% to 27% this year, but it is 11% below the lifetime high of Rs 374.95 set on 19 Oct. The fall comes on a day when the Nifty Midcap 100 is down about 2.7% and the Nifty Bank is down about 1.3%.
Quick Answer
Karur Vysya Bank share price fell 6.25% to Rs 333.80 in the morning of 23 Oct, against a 0.9% to 1.2% fall in the Sensex and Nifty. I found no new company news behind the drop, so the likeliest reasons are profit booking after an 8.5% two-day rally and a weak market, with midcaps down more than 2.5%. The Q2 FY27 profit of Rs 787.69 crore, up 37.2%, is unchanged, and brokerages quoted last week had targets of Rs 400 to Rs 415. This is an intraday view and the numbers can change by the close.
Karur Vysya Bank share price has been one of the strong stories among private banks this year, so a 6% fall in a single session draws attention fast. The stock is closely followed because the headline links it to the portfolio of Rekha Jhunjhunwala, and any sharp move in such names gets noticed.
This article on Karur Vysya Bank share price covers today’s move, the likely causes, the year-to-date gain, the Q2 numbers, brokerage targets, valuation and the levels to watch. It is educational and not a recommendation to buy or sell.
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Karur Vysya Bank Share Price Today
| Karur Vysya Bank share price: point | Level on 23 Oct 2026 (about 12:25 PM) |
|---|---|
| Previous close | Rs 356.05 |
| Open | Rs 356.70 |
| Day high | Rs 358.90 |
| Day low | Rs 331.85 |
| Last traded price | Rs 333.80, down 6.25% |
| Volume so far | About 22.95 lakh shares |
| Market cap at this price | About Rs 32,270 crore (my calculation) |
The Karur Vysya Bank share price opened almost flat, touched Rs 358.90 early and then sold off for the rest of the morning. A fall from the day high of Rs 358.90 to the low of Rs 331.85 is about 7.5% (my calculation). On the previous close of Rs 356.05 the market value of the bank was about Rs 34,419 crore, so roughly Rs 2,150 crore was wiped off in a few hours.
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Why Is the Karur Vysya Bank Share Price Falling Today?
I could not find a filing, rating change or regulatory event for the bank on 23 Oct, so the reasons below are my reading of the market and not a confirmed cause. Please treat them as likely factors and not as facts from the company.
- Profit booking after a sharp run. The Karur Vysya Bank share price rose about 8.5% over two sessions after the Q2 results and hit a lifetime high of Rs 374.95 on 19 Oct, according to Business Standard. Today’s price is about 11% below that high (my calculation).
- A broad market fall. The Nifty 50 is down about 1.15%, the Nifty Bank about 1.3%, the Nifty Midcap 100 about 2.7%, and the PSU Bank index about 2.4%. Mid-sized banks usually fall more than the index when the market turns weak.
- Crude oil and inflation worries. Brent crude rose to about $114 on reports of attacks on Saudi targets, and higher oil can keep inflation and interest rates elevated, which weighs on banks and borrowers.
- Heavy volume. About 22.95 lakh shares traded by midday, so the Karur Vysya Bank share price is falling on active selling, which shows active selling and not a thin-volume dip.
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Caution: A fall without company news can reverse as quickly as it came, or it can extend if the market stays weak. Check the closing price and volume before drawing a conclusion.
Karur Vysya Bank Share Price: Year-to-Date Gain
| Karur Vysya Bank share price: reference | Price | Change to Rs 333.80 (my calculation) |
|---|---|---|
| Close on 31 Dec 2025 | Rs 263.83 | About 26.5% higher |
| Close on 1 Jan 2026 | Rs 269.40 | About 23.9% higher |
| Close on 15 Oct 2026 (Q2 day) | Rs 347.05 | About 3.8% lower |
| Lifetime high on 19 Oct 2026 | Rs 374.95 | About 11.0% lower |
| 52-week low (16 Oct 2025) | Rs 222.79 | About 49.8% higher |
The headline figure of about 25% for the year-to-date gain depends on the base date. Using the last close of 2025 the gain is about 26.5%, and using the first close of 2026 it is about 23.9% (my calculation from daily closing prices). Business Standard quoted a 42% year-to-date gain on 19 Oct when the stock was near Rs 367, which uses a different base, so always check the reference date when you compare return figures.
Q2 FY27 Results Behind the Karur Vysya Bank Share Price
| Karur Vysya Bank share price: Q2 FY27 metric | Figure |
|---|---|
| Total income | Rs 3,670.21 crore, up 10.5% YoY and 5.1% QoQ |
| Net profit | Rs 787.69 crore, up 37.2% from Rs 573.96 crore |
| Profit before tax | Rs 1,043.67 crore |
| H1 FY27 net profit | Rs 1,543.39 crore, up 40.9% |
| Gross NPA | Rs 765.44 crore |
| Net NPA | 0.18% |
| Provision coverage ratio | 96.13% |
| Return on assets | 2.10% |
| Capital adequacy ratio | 17.97% |
| Net interest margin | 4.26%, steady QoQ |
The results were announced on 15 Oct 2026 and the numbers are strong for a bank of this size. A net NPA of 0.18% and a provision coverage of 96.13% show very clean books, and a return on assets above 2% is high for the sector. Equirus reported that slippages and credit cost stood at 46 and 44 basis points, against 55 and 33 in Q1, and operating expenses grew only 2% YoY.
The bank also raised its FY27 net interest margin guidance to above 4% from 3.7% to 3.8%, and kept loan growth guidance at 18% to 20%, as reported by Equirus. Good news like this was already in the Karur Vysya Bank share price, which is why a quality stock can still fall when the broader market weakens.
Rekha Jhunjhunwala and the Karur Vysya Bank Share Price
The headline calls this a Rekha Jhunjhunwala stock. Her holding changes from quarter to quarter and I have not verified the latest figure, so please read the September 2026 quarter shareholding pattern on the BSE website for the exact stake. A well known investor holding a stock does not protect it from a market fall, and the stake size matters more than the name.
For readers who follow her portfolio, the useful question is whether the reason to own the bank has changed. Nothing in the results points to that, and the Karur Vysya Bank share price has no new bad news to price in. Asset quality, margins and profit growth all improved in Q2, so today’s fall looks like a price reaction and not a business reaction, though that is my reading and the market may see it differently.
Karur Vysya Bank Share Price Targets and Valuation
| Karur Vysya Bank share price: brokerage view | Target and basis | Upside from Rs 333.80 (my calculation) |
|---|---|---|
| Equirus Securities | Rs 400 by Sep 2027; 1.8x Sep 2028 adjusted book value | About 19.8% |
| Elara Capital (Buy) | Rs 415; 2.0x Sep FY28E price to book | About 24.3% |
| Karur Vysya Bank share price: valuation measure | Figure |
|---|---|
| Trailing EPS | Rs 30.61 |
| P/E at Rs 333.80 | About 10.9 times (my calculation) |
| Industry P/E | 12.59 times |
| Book value per share | Rs 159.26 |
| Price to book at Rs 333.80 | About 2.1 times (my calculation) |
| Return on equity | 19.22% |
| Dividend yield | 0.73% on the previous close |
At about 10.9 times trailing earnings the Karur Vysya Bank share price is below the industry multiple of 12.59, with a return on equity of 19.22%. These targets were published on 19 Oct when the stock was near Rs 367, so the gap to target has widened after today’s fall. A lower price improves the upside on paper, but it does not make the target more likely.
Karur Vysya Bank Share Price: Buy, Hold or Wait?
| Karur Vysya Bank share price: investor type (my reading) | Points to weigh |
|---|---|
| Long-term investor | Strong asset quality and a return on equity near 19% support the case, and a pullback of about 11% from the high can suit staggered buying |
| Short-term trader | The Karur Vysya Bank share price needs to stop falling first; a close above Rs 356.05 would show buyers have returned |
| Cautious investor | Waiting for the market to stabilise and for the day’s close gives more information than a midday price |
This is an educational view and not advice. The bank has delivered strong numbers, but the Karur Vysya Bank share price can stay weak while the market is under pressure from oil and global cues.
What to Watch Next on the Karur Vysya Bank Share Price
- The closing price against the day low of Rs 331.85 and the previous close of Rs 356.05
- Whether the Karur Vysya Bank share price holds the Q2 day level of about Rs 347
- The Nifty Bank and Nifty Midcap indices, which set the tone for mid-sized banks
- Brent crude near $114 and its effect on inflation and rate expectations
- The September 2026 shareholding pattern for changes in the stake of well known investors
Conclusion
Karur Vysya Bank share price fell 6.25% to Rs 333.80 by midday on 23 Oct, which is 11% below its lifetime high but still about 24% to 27% higher for the year. No company news explains the move in the sources I checked, and the weak market and profit booking after a quick rally are the likeliest reasons. Read the filings and decide on your own horizon.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is the Karur Vysya Bank share price falling today?
Ans. It fell 6.25% to Rs 333.80 by about 12:25 PM on 23 Oct. I found no company-specific news, so the likely reasons are profit booking after an 8.5% two-day rally and a market where the Nifty Midcap 100 is down about 2.7%.
What is the Karur Vysya Bank share price target?
Ans. Equirus Securities has a target of Rs 400 and Elara Capital has a Buy rating with a target of Rs 415, both published around 19 Oct. That is about 19.8% to 24.3% above Rs 333.80 by my calculation.
How much has the Karur Vysya Bank share price gained this year?
Ans. Using the 31 Dec 2025 close of Rs 263.83 the gain is about 26.5% at Rs 333.80, and using the 1 Jan 2026 close of Rs 269.40 it is about 23.9% (my calculation). The exact figure depends on the base date.
What were the Karur Vysya Bank Q2 FY27 results?
Ans. Net profit was Rs 787.69 crore, up 37.2% from Rs 573.96 crore, and total income was Rs 3,670.21 crore. Net NPA was 0.18% and the return on assets was 2.10%.
Is the Karur Vysya Bank share price expensive?
Ans. The P/E is about 10.9 times by my calculation against an industry P/E of 12.59, and the price to book is about 2.1 times. The return on equity is 19.22%.
Does Rekha Jhunjhunwala hold Karur Vysya Bank shares?
Ans. The headline links the stock to her portfolio, but I have not verified the current stake. Check the September 2026 shareholding pattern on the BSE website for the exact holding.
What is the lifetime high of the Karur Vysya Bank share price?
Ans. The stock hit a lifetime high of Rs 374.95 on 19 Oct 2026, according to Business Standard. Today’s price of Rs 333.80 is about 11% below that level.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.
