I have purchase 5 long position in Karnataka Bank with strike price of 160 at 2.10 average price. Currently i am in some loss.

Any idea how it is going to perform this month?

Posted 2 years, 8 months ago by CA Pulkit Sharma

Karnataka Bank Ltd (KTK) is not a volatile stock and has not matched the performance with other banks in current bull run.

The stock is good hold, both fundamentaly and technically. The target of 160 might not be achieved this week, but in options if the stock bounces even 5%, you will turn in profits.

Fundamentally share is trading below its book value, so the chances of going down are less compared to going up.

A day with nifty in green can fetch you profits in options.

My target for Karnataka Bank Ltd for this week are:

Target - Rs. 155 with stop loss of 135

Posted 2 years, 8 months ago by Stock Guru

Thanks for the information. Fundamentally the stock looks promising, only concern is that it has not run with the bulls.

The share has underperformed in current bull run and that is the only concern.

Posted 2 years, 8 months ago by CA Pulkit Sharma

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