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city union bank share price: Buy City Union Bank, target price Rs 200: ICICI Securities

City Union Bank Ltd board declares interim dividend of Rs 0 30

City Union Bank Ltd board declares interim dividend of Rs 0 30
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city union bank share price: Buy City Union Bank, target price Rs 182: Yes Securities

City Union Bank with a target price of Rs 182. The current market price of City Union Bank Ltd. is Rs 173.3. City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 12681.88 Crore). Financials For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 1277.80 Crore, up 3.86 % from last quarter Total Income of Rs 1230.28 Crore and up 6.20 % from last year same quarter Total Income of Rs 1203.24 Crore. The bank reported net profit after tax of Rs 169.93 Crore in latest quarter. The stock has turned upwards after taking support at the lower end of the channel support, suggesting bullishness. Further, on the daily chart, it has taken support at the key short-term moving averages, confirming bullishness.

Broker s call: City Union Bank (Buy) - The Hindu BusinessLine

Broker s call: City Union Bank (Buy) | Updated on CMP: ₹171.75 City Union Bank Ltd (CUB), the oldest private sector bank in India, is a mid-sized commercial bank headquartered in Tamil Nadu, having a network of 700 branches and 1,780 ATMs spread across the country and a loan book size of ₹35,437 crore. Total Business grew by 8 per cent y-o-y with advances growing at 8 per cent supported by strong growth in ECLGS (Emergency Credit Line Guarantee Scheme) and gold loan. Net interest income grew 14 per cent with NIM improving by 20 bps y-o-y and 4 bps q-o-q. CASA ratio improved to 27.49 per cent (25.70 per cent during Q2-FY21) with savings deposit growing at 16.5 per cent q-o-q and demand deposit at 0.8 per cent.

City Union Bank Ltd Falls 3 75%, S&P BSE BANKEX index Drops 1 19%

City Union Bank Ltd has lost 3.83% over last one month compared to 7.07% gain in S&P BSE BANKEX index and 3.31% rise in the SENSEX City Union Bank Ltd lost 3.75% today to trade at Rs 175.6. The S&P BSE BANKEX index is down 1.19% to quote at 38840.36. The index is up 7.07 % over last one month. Among the other constituents of the index, IndusInd Bank Ltd decreased 2.75% and ICICI Bank Ltd lost 1.63% on the day. The S&P BSE BANKEX index went up 9.47 % over last one year compared to the 21.63% surge in benchmark SENSEX. City Union Bank Ltd has lost 3.83% over last one month compared to 7.07% gain in S&P BSE BANKEX index and 3.31% rise in the SENSEX. On the BSE, 24689 shares were traded in the counter so far compared with average daily volumes of 1.27 lakh shares in the past one month. The stock hit a record high of Rs 238.95 on 07 Feb 2020. The stock hit a 52-week low of Rs 110.1 on 07 Apr 2020.

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