City Union Bank Ltd.

NSE: CUB | BSE: 532210 | ISIN: INE491A01021 | Industry: Banks
| Mid-range Performer
173.4800 -3.08 (-1.74%)
NSE May 02, 2025 15:31 PM
Volume: 1.3M
 

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City Union Bank Ltd.
04 Mar 2025, 12:00AM
173.48
-1.74%
ICICI Securities Limited
We upgrade City Union Bank (CUBK) to BUY with an unchanged target price of INR 200, valuing the stock at ~1.45x FY26E ABV, broadly in-line with forward RoAs. Post ~17% stock price correction in the last month, CUBK’s valuation at ~1.1x forward book is near its lowest in the last three years – juxtaposed with an improved growth outlook and NIM resilience.
Number of FII/FPI investors increased from 254 to 294 in Mar 2025 qtr.
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