Banking Stock Soared 31 % In 1- Year, Brokerage Sees Another 31 % Upside: Buy
IDBI Capital has recommended investors to buy City Union Bank with a target price of Rs 230 apiece and a potential return of 31%.
The banking stock has given 31 % return in 1- year and the brokerage sees yet another 31% return.
The private bank has a market capitalisation of Rs 13,051 crore. Check key takeaways below: 1. City Union Bank Stock Performance
The current market price of the stock is Rs 176 apiece with an intraday decline of 0 .68%.
The stock's 52- week high is Rs 204 apiece and 52- week low is Rs 108 apiece, respectively.
2. City Union Bank Return
The banking stock has a standalone total income of 1354 crore, up 2 .86%.
The net profit after tax was declared at Rs 276 crore in the latest quarter. In last 5- years, the shares of the company have soared 9 %.
The company for the quarter ended a standalone total a standalone total fixed crore, up 2 .86% September the latest quarter 30, 2022 declared in.
3. About City Union Bank
The City Union Bank was incorporated on 31st October, 1904 as ' The'.
The company set up its first branch at Mannargud on 24th January 1930.
After this the company started set up a series of branches at Nagapattinam, Sannanallur, Ayyampet, Tirukattupalli, Tiruvarur, Manapparai, Mayuram and Porayar within a period of 25 years.
Disclaimer
The stock has been picked from the brokerage report of IDBI Capital.
Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article.
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By Renu Baliyan Goodreturns source: goodreturns.in Dailyhunt