CITY UNION BANK at 52 Week High; BSE 500 Index Flat
June 27, 2019 12:44 PM

CITY UNION BANK share price has hit a 52-week high at Rs 220 (up 1.7%).

Meanwhile, the BSE 500 Index is at 15,410 (up 0.4%).

Among the top gainers in the BSE 500 Index today are CITY UNION BANK (up 1.7%) and SHRIRAM CITY UNION (up 10.0%).

JET AIRWAYS (down 3.9%) and HEXAWARE TECHNOLOGIES (down 3.7%) are among the top losers today.

Over the last one year, CITY UNION BANK has moved up from Rs 168 to Rs 220, registering a gain of Rs 52 (up 30.98%).

The BSE 500 has moved up from 14,641 to 15,410, registering a gain of 769 points (up 5.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 199.4%), VINATI ORGANICS (up 120.4%) and DCM SHRIRAM (up 98.9%).

What About the Benchmark Indices?

The BSE Sensex is at 39,778 (up 0.4%). The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 4.3%), TATA MOTORS (up 3.8%) and M&M (up 2.1%). Other gainers include AXIS BANK (up 1.6%) and HERO MOTOCORP (up 1.3%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,902 (up 0.4%). INDIABULLS HOU. FIN. (up 3.9%) and TATA MOTORS (up 3.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,490 to 39,778, registering a gain of 4,288 points (up 12.0%).

CITY UNION BANK Financial Update...

CITY UNION BANK net profit down at Rs 2 billion for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Operating income rose 1.9% to Rs 9.8 billion during the period as against Rs 9.7 billion in January-March 2018.

For the year ended March 2018, CITY UNION BANK reported 17.7% increase in net profit to Rs 5.9 billion compared to net profit of Rs 5.0 billion during FY17.

Revenue of the company grew 7.2% to Rs 34 billion during FY18.

The current Price to earnings ratio of CITY UNION BANK, based on rolling 12 month earnings, stands at 21.4x.