City union bank share price

Confirmation to Buy above 126.85 level Invalidation level @ 119 Potential Target's : 144 , 165 Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on th Confirmation to Buy above 126.85 level Invalidation level @ 119 Potential Target's : 144 , 165 Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on th CUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low. Although, the sto CUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low. Although, the sto CUB can move to 170 Levels after Breakout from current Neckline of H&S Pattern on daily charts @plenganawin145 LTP - 141.5 Targets 170+ SL - 138 Time frame - 25-30 days CUB can move to 170 Levels after Breakout from current Neckline of H&S Pattern on daily charts @plenganawin145 LTP - 141.5 Targets 170...

In a BSE filing post market hours on May 26, the bank said its profit after tax (PAT) for Q4FY23 rose 4 per cent year-on-year (YoY) to ₹218.04 crore against a profit of ₹208.95 crore in the same quarter last year. Its operating profit for the quarter, however, fell 5 per cent YoY to ₹417.04 crore from ₹439.85 in Q4FY22. Net interest income (NII) for the quarter under review rose marginally by 3 per cent YoY to ₹514.26 crore. The bank said its gross NPA as on March 31, 2023, reduced to 4.37 per cent from 4.70 per cent in the corresponding period last year. Net NPA decreased to 2.36 per cent from 2.95 per cent for the same period. As of March 31, 2023, the provision coverage ratio (PCR) improved to 69 per cent against 64 per cent last year. Brokerages sound cautious Most brokerage firms highlighted that the bank's March quarter numbers were weak and the road ahead appears challenging. Brokerage firm Kotak Institutional Equities maintained an 'add' call on the City Union Bank stock with a target price of ₹150, valuing the bank at about 1.3 times book value, and nearly 10 times FY2025 EPS (earnings per share) for RoEs (return on equities) moving closer to 15 per cent levels. Kotak said although it maintained its 'add' rating on the stock, it would prefer the other regional banks at this stage. Kotak highlighted "The bank is trading closer to Federal Bank, but still at a premium to other peers, which have demonstrated better performance," said Kotak. "The bank's results for the...

Q3FY23 Quarterly Result Announced for City Union Bank Ltd. City Union Bank announced Q3FY23 results: • Q3FY23 & 9MFY23: • Net Interest Income: • The Bank earned net interest income of Rs 556 crore for Q3FY23 as against Rs 490 crore in Q3FY22 with a growth rate of 13%. For 9MFY23, the NII stood at Rs 1,649 crore as against Rs 1,416 crore for the corresponding period last year. • Non-Interest Income: • Non-Interest income of the bank for Q3FY23 was at Rs 224 crore as against Rs 160 crore for Q2FY22 registering a growth of 40%. For 9MFY23 it stood at Rs 615 crore as against Rs 556 crore for the corresponding period last year. • Operating Expenses: • The operating expense is Rs 283 crore for Q3FY23 as against Rs 280 crore in Q3FY22. For 9MFY23, the operating expenses were at Rs 863 crore as against Rs 816 crore for the corresponding period last year. • Operating Profit: • The gross profit had grown by 35% in Q3FY23, and was at Rs 497 crore as against Rs 370 crore in Q3FY22. For 9MFY23 it had grown by 21% and stood at Rs 1,401 crore as against Rs 1,155 crore for the same period as compared to the last year. • Provisions: • The bank made a provision of Rs 682 crore as of 31.12.2022. The total provision towards bad and doubtful debts is Rs 515 crore in 9MFY23 as against Rs 439 crore in the corresponding period last year. • Net Profit: • The bank’s profit after tax had grown by 11% in Q3FY23 and was at Rs 218 crore as against Rs 196 crore in Q3FY22. For 9MFY23, PAT was Rs 719 cror...

Q3FY23 Quarterly Result Announced for City Union Bank Ltd. City Union Bank announced Q3FY23 results: • Q3FY23 & 9MFY23: • Net Interest Income: • The Bank earned net interest income of Rs 556 crore for Q3FY23 as against Rs 490 crore in Q3FY22 with a growth rate of 13%. For 9MFY23, the NII stood at Rs 1,649 crore as against Rs 1,416 crore for the corresponding period last year. • Non-Interest Income: • Non-Interest income of the bank for Q3FY23 was at Rs 224 crore as against Rs 160 crore for Q2FY22 registering a growth of 40%. For 9MFY23 it stood at Rs 615 crore as against Rs 556 crore for the corresponding period last year. • Operating Expenses: • The operating expense is Rs 283 crore for Q3FY23 as against Rs 280 crore in Q3FY22. For 9MFY23, the operating expenses were at Rs 863 crore as against Rs 816 crore for the corresponding period last year. • Operating Profit: • The gross profit had grown by 35% in Q3FY23, and was at Rs 497 crore as against Rs 370 crore in Q3FY22. For 9MFY23 it had grown by 21% and stood at Rs 1,401 crore as against Rs 1,155 crore for the same period as compared to the last year. • Provisions: • The bank made a provision of Rs 682 crore as of 31.12.2022. The total provision towards bad and doubtful debts is Rs 515 crore in 9MFY23 as against Rs 439 crore in the corresponding period last year. • Net Profit: • The bank’s profit after tax had grown by 11% in Q3FY23 and was at Rs 218 crore as against Rs 196 crore in Q3FY22. For 9MFY23, PAT was Rs 719 cror...

In a BSE filing post market hours on May 26, the bank said its profit after tax (PAT) for Q4FY23 rose 4 per cent year-on-year (YoY) to ₹218.04 crore against a profit of ₹208.95 crore in the same quarter last year. Its operating profit for the quarter, however, fell 5 per cent YoY to ₹417.04 crore from ₹439.85 in Q4FY22. Net interest income (NII) for the quarter under review rose marginally by 3 per cent YoY to ₹514.26 crore. The bank said its gross NPA as on March 31, 2023, reduced to 4.37 per cent from 4.70 per cent in the corresponding period last year. Net NPA decreased to 2.36 per cent from 2.95 per cent for the same period. As of March 31, 2023, the provision coverage ratio (PCR) improved to 69 per cent against 64 per cent last year. Brokerages sound cautious Most brokerage firms highlighted that the bank's March quarter numbers were weak and the road ahead appears challenging. Brokerage firm Kotak Institutional Equities maintained an 'add' call on the City Union Bank stock with a target price of ₹150, valuing the bank at about 1.3 times book value, and nearly 10 times FY2025 EPS (earnings per share) for RoEs (return on equities) moving closer to 15 per cent levels. Kotak said although it maintained its 'add' rating on the stock, it would prefer the other regional banks at this stage. Kotak highlighted "The bank is trading closer to Federal Bank, but still at a premium to other peers, which have demonstrated better performance," said Kotak. "The bank's results for the...

Confirmation to Buy above 126.85 level Invalidation level @ 119 Potential Target's : 144 , 165 Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on th Confirmation to Buy above 126.85 level Invalidation level @ 119 Potential Target's : 144 , 165 Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on th CUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low. Although, the sto CUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low. Although, the sto CUB can move to 170 Levels after Breakout from current Neckline of H&S Pattern on daily charts @plenganawin145 LTP - 141.5 Targets 170+ SL - 138 Time frame - 25-30 days CUB can move to 170 Levels after Breakout from current Neckline of H&S Pattern on daily charts @plenganawin145 LTP - 141.5 Targets 170...