Buy City Union Bank, target price Rs 225: Centrum Broking

Centrum Broking has buy call on City Union Bank Ltd. with a target price of Rs 225. The current market price of City Union Bank Ltd. is Rs 141.15. 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 10450.64 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 30-09-2021, the company reported a Standalone Total Income of Rs 1224.94 Crore, up 2.67 % from last quarter Total Income of Rs 1193.08 Crore and down -.43 % from last year same quarter. Total Income of Rs 1230.28 Crore. The bank reported net profit after tax of Rs 182.10 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.14 per cent, DIIs 42.1 per cent.