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News Topical, Digital Desk : The stock market has seen a decline today. Earlier on Tuesday also the market had closed with a fall. However, on Wednesday the decline was a bit sharp. Nifty closed at 25057 level with a fall of 113 points at the end of the session. Experts are currently advising common investors that these falls can be taken advantage of with a long term view in the market and any fall can be invested in strong stocks. Today, buy advice has been received from brokerage houses for many stocks, one of which includes Karur Vysya Bank. ICICI Securities has advised investment in the stock.
What's the recommendation?
ICICI Securities has an investment recommendation on the bank with a target of 267. The stock closed at 213 on Wednesday with a slight decline. From here, the stock is expected to rise by more than 25%. According to the brokerage firm, it recently spoke with the bank's senior management, where the impact of US tariffs on loans disbursed to small businesses was discussed. The bank has reviewed its SME portfolio in this regard. The impact of tariff exposure on companies included in the portfolio and exporting to the US is approximately 1.2% of total loans. According to the brokerage firm, the initial impact of the tariffs on the bank will be minor and the bank can absorb it. However, further monitoring is necessary. Based on this, ICICI Direct has not changed its estimate on the stock and has maintained its investment recommendation with a target of 267.
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