Buy CSB Bank, target price Rs 250: ICICI Direct

ICICI Direct has buy call on CSB Bank with a target price of Rs 250. The current market price of CSB Bank Ltd. is Rs 238.4. Time period given by analyst is one year when CSB Bank Ltd. price can reach defined target.

CSB Bank Ltd., incorporated in the year 1920, is a banking company (having a market cap of Rs 4208.77 Crore).

CSB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 590.78 Crore, up 1.30 % from last quarter Total Income of Rs 583.17 Crore and up 3.37 % from last year same quarter Total Income of Rs 571.53 Crore. The bank reported net profit after tax of Rs 114.52 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 49.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.06 per cent, DIIs 11.23 per cent.