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City Union Bank zooms on reporting 30% rise in Q1 net profit
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City Union Bank is currently trading at Rs. 176.65, up by 13.85 points or 8.51% from its previous closing of Rs. 162.80 on the BSE.
The scrip opened at Rs. 164.20 and has touched a high and low of Rs. 176.85 and Rs. 164.20 respectively. So far 429448 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 183.65 on 26-Oct-2021 and a 52 week low of Rs. 108.60 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 176.85 and Rs. 157.75 respectively. The current market cap of the company is Rs. 13035.18 crore.
The Institutions and Non-Institutions held 59.81% and 40.19%, stake in the Bank respectively.
City Union Bank has reported results for first quarter ended June 30, 2022.
The bank has reported 30.15% rise in its net profit at Rs 225.14 crore for the quarter under review as compared to Rs 172.99 crore for the same quarter in the previous year. Total income of the bank increased by 10.60% at Rs 1,316.98 crore in Q1FY23 as compared Rs 1,190.80 crore for the corresponding quarter previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal improved to 4.65%, as compared to 5.59% in the same quarter of the previous year.
