Axis Securities maintains Buy on Karnataka Bank, target price Rs 270

Axis Securities maintains a Buy call on Karnataka Bank, projecting a target price of Rs 270. The bank's Q4FY25 consolidated total income rose to Rs 2680.10 crore, with a net profit of Rs 252.62 crore. Expected growth from FY26E, driven by retail deposits and improved margins, supports the positive outlook, valuing the stock at 0.75x FY27E ABV.