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)
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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 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.
CITY Union Bank Ltd posts Rs. 169.93 crore PAT in Q3FY21
Posted On:
CITY UNION BANK LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.1277.79 crores during the period ended December 31, 2020 as compared to Rs.1230.27 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.169.93 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.157.66 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.2.28 for the period ended December 31, 2020 as compared to Rs.2.12 for the period ended September 30, 2020.
City Union Bank Ltd is quoting at Rs 182.05, up 0.25% on the day as on 12:44 IST on the NSE. The stock is down 20.83% in last one year as compared to a 23.81% jump in NIFTY and a 11.52% jump in the Nifty Private Bank.
City Union Bank Ltd is up for a fifth straight session today. The stock is quoting at Rs 182.05, up 0.25% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.26% on the day, quoting at 14832.05. The Sensex is at 50387.73, up 1.18%. City Union Bank Ltd has gained around 1.65% in last one month.
Meanwhile, Nifty Private Bank index of which City Union Bank Ltd is a constituent, has gained around 9.9% in last one month and is currently quoting at 18587.6, up 1.59% on the day. The volume in the stock stood at 10.26 lakh shares today, compared to the daily average of 23.21 lakh shares in last one month.