City Union Bank Gains on Strong Q1 Show

  Published 8 months ago

City Union Bank shares rise 2% after a 15.6% YoY jump in Q1 profit and lower gross NPAs.

  • Net profit for June quarter at Rs 3.06 bln; gross NPAs drop to 2.99% from 3.88% YoY.
  • Investec ups target to Rs 280, maintains “buy”; expects higher PAT, NIM, despite rising credit costs.
  • CTBK remains the top analyst pick with strong RoA, market hold, and a 26% YTD stock gain.

You might like these

Infosys, AGCO Partner for AI Ops

Vineet Jain Leads Indus Towers Supply

Zaggle to Acquire Rio.Money for UPI Push

Earnings in Focus: Q1 Highlights & Watchlist

Nuvoco Q1 Profit Soars 4,589%

Vodafone Idea Faces Ruin: Stock Plummets

Gland Pharma Shock Drug Hits $45M Sales

News that matters the most ⚡