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City Union Bank Ltd

City Union Bank Ltd Share Price (CUB)

₹155.85▲0.54%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

City Union Bank Ltd share Performance

₹154.45
₹157.9
₹155.85
0.90%
Low
Day's Volatility:2.21%
High
1.32%
₹119.5
₹167.8
₹155.85
23.32%
Low
52 Weeks Volatility:30.99%
High
7.67%

Returns %
1 Month Return	15.35 %
3 Month Return	12.53 %
1 Year Return	16.55 %

Market Stats
Previous Close	₹156.70
Open	₹157.90
Volume	20.11L
Upper Circuit	-
Lower Circuit	-
Market Cap	₹11,606.33Cr

Analyst Rating for City Union Bank Ltd stock

based on 19 analysts

BUY

57.89%

Buy

31.58%

Hold

10.53%

Sell

Based on 19 analysts offering long term price targets for City Union Bank Ltd. An average target of ₹162.26

Source: S&P Global Market Intelligence

Company Information

City Union Bank Ltd is one of the leading scheduled commercial banks in the private sector in South India. Established in 1904, City Union Bank Ltd has grown to a network of 700 branches and 1749 ATMs in 30 years, with 485 branches located in the state of Tamil Nadu. The bank’s products and services include savings accounts, current accounts, fixed deposits, cash certificates, ATM services, demand drafts, phone transfers, and more. City Union Bank Ltd has the main focus of providing short-term and long-term loans to the agrarian and MSME retail/wholesale trade sectors, and takes into account risks associated with such operations with its Credit Risk Management Department. In addition, the bank has opened up further branches and ATMs in the following years, as well as launched various initiatives such as QIP, rights issue, and cyber security plans. Furthermore, the bank also started the marketing and distribution of health insurance and mutual fund products in 2019, accompanied by tie-ups with the necessary parties such as Star Health and Allied Insurance Co. Ltd. and Integrated Enterprises India Ltd.

Share Price: ₹155.85 per share as on 23 Apr, 2024 04:01 PM
Market Capitalisation: ₹11,606.33Cr as of today
Listing date: 09 Sep, 1998
Chairperson Name: M Narayanan

Organisation	City Union Bank Ltd
Headquarters
Industry	Banks
E-voting on shares	Click here to vote

Key events for City Union Bank Ltd

ICICI Securities Upgrades City Union Bank to ADD - 23 Apr, 2024
City Union Bank has been upgraded by ICICI Securities to ADD with a revised target price of INR 170, valuing the stock at 1.25x FY26E. The bank has addressed legacy issues impacting loan growth and overhauled its IT systems improving TAT, customer experience, and risk monitoring. The bank intends to chase growth via new products while augmenting non-branch channels.
City Union Bank's Mutual Fund Stake Drops by 2.8% - 19 Apr, 2024
Mutual funds have reduced their stake in City Union Bank Ltd by around 2.8% from December 2023 to March 2024 quarter, while the bank's total income increased and after-tax profits decreased during Q3FY24.
City Union Bank Records High Volume Trading - 08 Apr, 2024
City Union Bank Ltd recorded a surge in trading volume, with 11.84 lakh shares traded on BSE, compared to the two-week average daily volume of 3.27 lakh shares. The stock lost 3% and closed at Rs.153.45.
City Union Bank Rises as Analysts Recommend Buy Call - 05 Apr, 2024
City Union Bank Ltd's stock has risen for five consecutive sessions, gaining 2.31% on the day, while analysts recommend a buy call with a target price of Rs 177, indicating a potential return of 15%.
City Union Bank Shows Signs of Outperformance - 04 Apr, 2024
Analyst Sarda recommends City Union Bank, identifying signs of outperformance and target levels at 162 with a stop loss near 152. CUB has already recorded a gain exceeding 10% in the past month.
City Union Bank Stock Shows Bullish Trend - 03 Apr, 2024
City Union Bank's stock has broken above its anchor VWAP resistance mark, indicating a bullish trend with overhead targets of 154 and above. The stock has gained around 4.58% in the last month and has a PE ratio of 10.22 based on TTM earnings ending December 23.
City Union Bank's Total Business Crosses Rs 1 Lakh Crore Mark - 30 Mar, 2024
City Union Bank achieved a milestone as its total business crossed the ₹1 lakh crore mark for the first time in FY24. As of March 31, 2023, the bank's total business stood at ₹96,369 crore, up from ₹88,846 crore a year ago. The bank reported a profit after tax of Rs.253 crore in Q3FY24 earnings call and is expected to end the year with growth in the range of 12-15%.
City Union Bank Stock May Be Undervalued - 27 Mar, 2024
Despite an increase in EPS and revenue, City Union Bank's stock has declined by 33% over the last five years. However, a recent rise in share price suggests a shift in market perception, presenting an opportunity for investors to examine fundamentals.

Fundamentals of City Union Bank Ltd

Insights on City Union Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 41.01% to 43.54% in Mar 2024 quarter
POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 26.60% to 26.95% in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 3 years, State Bank of India has given 127.7% return, outperforming this stock by 133.1%
NO EFFECT
Against Peers
In the last 1 year, State Bank of India has given 38.1% return, outperforming this stock by 21.6%
NEGATIVE IMPACT
Price Dip
In the last 3 years, CUB stock has moved down by -5.4%
NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 27.33% to 24.53% in Mar 2024 quarter

Mutual Fund Holdings

Funds	Holdings
SBI Small Cap Fund Direct Plan Growth	2.28%
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option	0.58%
Axis Small Cap Fund Direct Growth	1.25%
Canara Robeco Small Cap Fund Direct Growth	1.31%
Franklin India Prima Fund Direct Growth	1.2%