CITY UNION BANK at All Time High; BSE BANKEX Index Up 0.2%

Tue, 28 May 09:32 AM

CITY UNION BANK share price has hit an all-time high at Rs 218 (up 1.1%).

Meanwhile, the BSE BANKEX Index is at 35,698 (up 0.2%).

Among the top gainers in the BSE BANKEX Index today are CITY UNION BANK (up 1.1%) and INDUSIND BANK (up 1.0%).

HDFC BANK and KOTAK MAHINDRA BANK (down 0.4%) are among the top losers today.

Over the last one year, CITY UNION BANK has moved up from Rs 167 to Rs 218, registering a gain of Rs 51 (up 30.7%).

The BSE BANKEX has moved up from 29,891 to 35,698, registering a gain of 5,807 points (up 19.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 50.2%), ICICI BANK (up 45.8%) and SBI (up 32.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,785 (up 0.2%). The top gainers among the BSE Sensex stocks today are YES BANK (up 3.2%), VEDANTA LTD (up 2.9%) and COAL INDIA (up 1.8%). Other gainers include TATA MOTORS DVR (up 1.4%) and SUN PHARMA (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,959 (up 0.1%). The top gainers in the NSE Nifty include YES BANK (up 3.4%), VEDANTA LTD (up 2.9%) and ADANI PORTS & SEZ (up 2.8%). Other gainers include HINDALCO (up 1.9%) and COAL INDIA (up 1.7%).

Over the last 12 months, the BSE Sensex has moved up from 35,165 to 39,785, registering a gain of 4,620 points (up 13.1%).

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 21.2x.

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