CITY UNION BANK Share Price Up by 5%; BSE BANKEX Index Up 0.1%

Fri, 27 Nov 12:30 PM

CITY UNION BANK share price has zoomed 5% and is presently trading at Rs 182.

Meanwhile, the BSE BANKEX Index is at 33,993 (up 0.1%).

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

HDFC BANK and AXIS BANK (down 0.6%) are among the top losers today.

Over the last one year, CITY UNION BANK has moved down from Rs 216 to Rs 182, registering a loss of Rs 34 (down 15.9%).

On the other hand, the BSE BANKEX has moved down from 35,716 to 33,993, loss of 1,723 points (down 5.2%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 18.4%) and HDFC BANK (up 12.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 44,407 (down 0.1%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 3.4%), TATA STEEL (up 1.8%) and TITAN (up 1.6%). Other gainers include SUN PHARMA (up 1.6%) and NTPC (up 1.2%). The most traded stocks in the BSE Sensex are NTPC and TATA STEEL.

In the meantime, NSE Nifty is at 13,035 (up 0.2%). The top gainers in the NSE Nifty include TATA MOTORS (up 5.4%), BAJAJ AUTO (up 3.7%) and EICHER MOTOR (up 2.5%). Other gainers include TATA STEEL (up 2.3%) and HERO MOTOCORP (up 2.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,889 to 44,407, registering a gain of 3,518 points (up 8.12%).

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 32.6x.

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