|
09 Sep 2025 |
City Union Bank
|
Consensus Share Price Target
|
201.24 |
236.77 |
- |
17.66 |
buy
|
|
|
|
|
20 Nov 2023
|
City Union Bank
|
IDBI Capital
|
201.24
|
165.00
|
150.30
(33.89%)
|
Target met |
Buy
|
|
|
|
|
03 Nov 2023
|
City Union Bank
|
IDBI Capital
|
201.24
|
165.00
|
138.80
(44.99%)
|
Target met |
Buy
|
|
|
|
|
30 Oct 2023
|
City Union Bank
|
Axis Direct
|
201.24
|
150.00
|
133.65
(50.57%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock
|
|
28 Oct 2023
|
City Union Bank
|
ICICI Securities Limited
|
201.24
|
150.00
|
133.40
(50.85%)
|
Target met |
Accumulate
|
|
|
City Union Bank (CUB) reported Q2FY24 PAT of INR 2.8bn (1.69% RoA), flattish YoY, but up 23% QoQ. NII growth at 3% QoQ was exactly in-line with our estimate.
|
|
27 Oct 2023
|
City Union Bank
|
Sharekhan
|
201.24
|
145.00
|
133.65
(50.57%)
|
Target met |
Hold
|
|
|
|
|
14 Aug 2023
|
City Union Bank
|
Axis Direct
|
201.24
|
150.00
|
121.50
(65.63%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
13 Aug 2023
|
City Union Bank
|
ICICI Securities Limited
|
201.24
|
125.00
|
129.05
(55.94%)
|
Target met |
Hold
|
|
|
Despite 7% YoY decline in operating earnings, City Union Bank (CUBK) reported higher than-estimated Q1FY24 PAT at INR 2.27bn (up 1% YoY) driven by flattish provisions (utilisation of contingent provisions; now nil), while asset quality deteriorated. Business recovery from covid headwinds seems to be the slowest at CUBK.
|
|
12 Aug 2023
|
City Union Bank
|
Edelweiss
|
201.24
|
155.00
|
129.05
(55.94%)
|
Target met |
Buy
|
|
|
Weak streak continues
|
|
31 May 2023
|
City Union Bank
|
StoxBox - BP Wealth
|
201.24
|
|
123.45
(63.01%)
|
|
Results Update
|
|
|
CUBK earned Net Interest Income of Rs.514.3 crores for Q4FY23 as against Rs.500.7 crores in Q4FY22. For FY23, the NII increased by 13% and stood at Rs. 2,163.0 crores as against Rs. 1,916.0 crores for the last financial year. The bank’s NIM declined to 3.65% in Q4FY23 from 3.88% in Q3FY23 and 4.01% in Q4FY22.
|
|
29 May 2023
|
City Union Bank
|
Axis Direct
|
201.24
|
160.00
|
125.65
(60.16%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|