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City Union Bank Gains 6%; BSE BANKEX Index Up 0.5%
Thu, 20 Jun 13:14

City Union Bank share price has zoomed 6% and is presently trading at Rs 166.6.

Meanwhile, the BSE BANKEX index is at 58,746.9 (up 0.5%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 1.9%) and AU SMALL FINANCE BANK (up 1.2%).

SBI (down 0.7%) is among the top losers today.

Over the last one year, City Union Bank has moved up from Rs 124.3 to Rs 166.6, registering a gain of Rs 42.3 (up 34.0%).

On the other hand, the BSE BANKEX index has moved up from 49,266.1 to 58,746.9, registering a gain of 19.2% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 48.9%), Bank of Baroda (up 47.6%) and Federal Bank (up 44.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,458.4 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.3%) and Reliance Ind. (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,562.6 (up 0.2%). Hindalco and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,458.4, registering a gain of 14,290.1 points (up 22.6%).

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 12.1.

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