Chandan Taparia of Motilal Oswal Securities has a buy call on City Union Bank Ltd. with a target price of Rs 250. The current price of City Union Bank Ltd. is Rs 234.3. Chandan Taparia recommended to keep a stop loss at Rs 228.
City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 17276.91 Crore).
City Union Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 3177.66 Crore to Sales Value (84.35 % of Total Sales), Income From Investment which contributed Rs 553.60 Crore to Sales Value (14.69 % of Total Sales), Interest which contributed Rs 12.60 Crore to Sales Value (0.33 % of Total Sales) for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 1135.44 Crore and Net Non Performing Assets (Net NPAs) of Rs 624.08 Crore.
For the quarter ended 30-09-2019, the company has reported a Standalone Interest Income of Rs 861.76 Crore, down .79 % from last quarter Interest Income of Rs 868.62 Crore and up 10.89 % from last year same quarter Interest Income of Rs 777.12 Crore. The bank has reported net profit after tax of Rs 193.53 Crore in latest quarter.
Source: Economic Times
