Price Volume Breakout : Karnataka Bank

Karnataka Bank is gaining on the bourses on Thursday in the first half of the trading session in line with the broader trend for the PSU banks.

The stock is up by nearly 2% or Rs 3.2 per share and is trading at Rs 173 per share. The stock also made a new 52-w high for itself, today trading at Rs 173.60 per share. The stock trading above its crucial 200-days SDMA is witnessing a price volume breakout.

The bank is expected to announce its results on May 13 and also expected to declare dividends on the same day. Karnataka Bank has delivered nearly 100% return over one year thus outperforming the broader markets. The BSE Bankex has generated 36% returns over the same period.

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About Suhani Varma

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