CITY UNION BANK at 52 Week High; BSE 500 Index Flat

August 29, 2018 09:44 AM

CITY UNION BANK share price has hit a 52-week high at Rs 195 (up 1.1%).

Meanwhile, the BSE 500 Index is at 15,877 (up 0.2%).

Among the top gainers in the BSE 500 Index today are CITY UNION BANK (up 1.1%) and KIRLOSKAR OIL (up 11.0%).

TECHNO ELECTRIC (down 5.2%) and KWALITY DAIRY (down 5.0%) are among the top losers today.

Over the last one year, CITY UNION BANK has moved up from Rs 145 to Rs 195, registering a gain of Rs 50 (up 34.71%).

The BSE 500 has moved up from 13,721 to 15,877, registering a gain of 2,156 points (up 15.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were RADICO KHAITAN (up 183.2%), BOMBAY DYEING (up 179.7%) and VIP INDUSTRIES (up 177.3%).

What About the Benchmark Indices?

The BSE Sensex is at 38,990 (up 0.1%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.1%), SUN PHARMA (up 1.1%) and TATA MOTORS DVR (up 1.0%). Other gainers include BHARTI AIRTEL (up 0.9%) and ONGC (up 0.8%). The most traded stocks in the BSE Sensex are VEDANTA LTD and SBI.

In the meantime, NSE Nifty is at 11,753 (down 0.1%). VEDANTA LTD (up 2.0%) and GAIL (up 1.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,751 to 38,990, registering a gain of 7,239 points (up 22.6%).

CITY UNION BANK Financial Update...

CITY UNION BANK net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 2 billion a year ago. Operating income rose 2.8% to Rs 8.9 billion during the period as against Rs 8.7 billion in April-June 2017.

For the year ended March 2017, CITY UNION BANK reported 13.1% increase in net profit to Rs 5.0 billion compared to net profit of Rs 4.4 billion during FY16.

Revenue of the company grew 7.8% to Rs 32 billion during FY17.

The current Price to earnings ratio of CITY UNION BANK, based on rolling 12 month earnings, stands at 19.1x.