CITY UNION BANK Share Price Down by 5%; BSE BANKEX Index Down 0.2%
November 20, 2020 10:48 AM

CITY UNION BANK share price has plunged 5% and is presently trading at Rs 194.

Meanwhile, the BSE BANKEX Index is at 33,487 (down 0.2%).

Among the top losers in the BSE BANKEX Index today is CITY UNION BANK (down 5.0%).

KOTAK MAHINDRA BANK (up 1.3%) and HDFC BANK (up 1.2%) are among the top gainers today.

Over the last one year, CITY UNION BANK has moved down from Rs 214 to Rs 194, registering a loss of Rs 20 (down 9.6%)..

The BSE BANKEX has moved down from 35,158 to 33,487, loss of 1,671 points (down 4.8%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 13.6%) and HDFC BANK (up 10.2%).

What About the Benchmark Indices?

The BSE Sensex is at 43,889 (up 0.3%). The top gainers among the BSE Sensex stocks today are TITAN (up 3.6%). The most traded stocks in the BSE Sensex are ITC and NTPC.

In the meantime, NSE Nifty is at 12,855 (up 0.2%). TITAN (up 3.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,284 to 43,889, registering a gain of 3,605 points (up 8.53%).

CITY UNION BANK Financial Update...

CITY UNION BANK net profit down at Rs 2 billion for the quarter ended September 2020, compared to a loss of Rs 2 billion a year ago. Operating income rose 0.0% to Rs 10.6 billion during the period as against Rs 10.6 billion in July-September 2019.

For the year ended March 2019, CITY UNION BANK reported 15.3% increase in net profit to Rs 6.8 billion compared to net profit of Rs 5.9 billion during FY18.

Revenue of the company grew 10.7% to Rs 38 billion during FY19.

The current Price to earnings ratio of CITY UNION BANK, based on rolling 12 month earnings, stands at 32.7x.