Karur Vysya Bank CMP 59.7 well placed fundamentally & technically up move

Karur Vysya Bank (CMP59.7) is well placed fundamentally & technically for good up move from here on

Last week released stellar Q2 results :

Net profit up 44% at Rs 165.5 crVs Rs 115 cr(YoY)

NII up 13.1% at Rs 680.3 crVs Rs 601.5 cr(YoY)

Gross NPA at 7.4% Vs 8%; net NPA at 3% Vs 3.7% (QoQ)

Provisions at Rs 164.1 crVs Rs 244.6 cr(QoQ); Vs Rs 196 cr(YoY)