Buy City Union Bank, target price Rs 200: Emkay Global

Emkay Global has buy call on City Union Bank with a target price of Rs 200. The current market price of City Union Bank Ltd. is Rs 120.55. 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 8901.99 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-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 1195.24 Crore, down -2.42 % from last quarter Total Income of Rs 1224.94 Crore and down -6.46 % from last year same quarter Total Income of Rs 1277.80 Crore. The bank reported net profit after tax of Rs 196.12 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.0 per cent, DIIs 43.94 per cent.