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City Union Bank Gains 3%; BSE BANKEX Index Up 1.8%
Tue, 25 Jun 13:44

City Union Bank Gains 3%; BSE BANKEX Index Up 1.8%Image source: peterschreiber.media/www.istockphoto.com

City Union Bank share price has zoomed 3% and is presently trading at Rs 168.1.

Meanwhile, the BSE BANKEX index is at 59,767.3 (up 1.8%).

Among the top gainers in the BSE BANKEX index today are Axis Bank (up 3.1%) and HDFC Bank (up 2.6%).

Bank of Baroda (down 0.5%) and IDFC FIRST BANK (down 0.4%) are among the top losers today.

Over the last one year, City Union Bank has moved up from Rs 125.0 to Rs 168.1, registering a gain of Rs 43.1 (up 34.5%).

On the other hand, the BSE BANKEX index has moved up from 49,545.7 to 59,767.3, registering a gain of 20.6% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 48.3%), Federal Bank (up 42.9%) and Bank of Baroda (up 40.9%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,919.3 (up 0.7%).

The top gainers among the BSE Sensex today are Axis Bank (up 3.1%) and HDFC Bank (up 2.6%). The most traded stocks in the BSE Sensex are HDFC Bank and Power Grid Corp..

In the meantime, NSE Nifty is at 23,664.9 (up 0.5%). Axis Bank and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,919.3, registering a gain of 14,396.1 points (up 22.7%).

City Union Bank Financial Update...

City Union Bank net profit grew 16.9% YoY to Rs 2,548 million for the quarter ended March 2024, compared to a profit of Rs 2,180 million a year ago. Net sales rose 11.9% to Rs 13,741 million during the period as against Rs 12,281 million in January-March 2023.

For the year ended March 2023, City Union Bank reported 23.3% increase in net profit to Rs 9,375 million compared to net profit of Rs 7,602 million during FY22. Revenue of the company grew 14.8% to Rs 47,143 million during FY23.

The current Price to earnings ratio of City Union Bank, based on rolling 12 month earnings, stands at 12.3.

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