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City Union Bank Gains 12%; BSE BANKEX Index Down 0.0%
Tue, 22 Oct 10:23

City Union Bank Gains 12%; BSE BANKEX Index Down 0.0%Image source: Sefa Ozel/www.istockphoto.com

City Union Bank share price has zoomed 12% and is presently trading at Rs 168.4.

Meanwhile, the BSE BANKEX index is at 59,098.8 .

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 1.6%) and Axis Bank (up 0.2%).

AU SMALL FINANCE BANK (down 1.8%) and Bank of Baroda (down 1.3%) are among the top losers today.

Over the last one year, City Union Bank has moved up from Rs 139.4 to Rs 168.4, registering a gain of Rs 29.0 (up 20.8%).

On the other hand, the BSE BANKEX index has moved up from 49,363.6 to 59,098.8, registering a gain of 19.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 41.6%), ICICI Bank (up 35.5%) and Federal Bank (up 31.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,015.8 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 1.8%) and Tata Steel (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,719.8 (down 0.3%). Tata Motors and Tata Steel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,877.0 to 81,015.8, registering a gain of 15,138.8 points (up 23.0%).

City Union Bank Financial Update...

City Union Bank net profit grew 1.6% YoY to Rs 2,852 million for the quarter ended September 2024, compared to a profit of Rs 2,806 million a year ago. Net sales rose 10.0% to Rs 14,339 million during the period as against Rs 13,040 million in July-September 2023.

For the year ended March 2024, City Union Bank reported 8.3% increase in net profit to Rs 10,157 million compared to net profit of Rs 9,375 million during FY23. Revenue of the company grew 11.8% to Rs 52,706 million during FY24.

The current Price to earnings ratio of City Union Bank, based on rolling 12 month earnings, stands at 11.8.


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