The Economic Times daily newspaper is available online now.

    Buy City Union Bank, target price Rs 215: ICICI Direct

    Synopsis

    City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 13700.81 Crore).

    City Union BankAgencies
    Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.16 per cent, DIIs 41.65 per cent.
    ICICI Direct has buy call on City Union Bank with a target price of Rs 215. The current market price of City Union Bank is Rs 182.9. Time period given by analyst is one year when City Union Bank Ltd. price can reach defined target.

    City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 13700.81 Crore).

    City Union Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1316.98 Crore, up 5.12 % from last quarter Total Income of Rs 1252.87 Crore and up 10.38 % from last year same quarter Total Income of Rs 1193.08 Crore. The bank reported net profit after tax of Rs 225.14 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.16 per cent, DIIs 41.65 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in