Buy CSB Bank, target price Rs 360: Yes Securities

Yes Securities has buy call on CSB Bank with a target price of Rs 360. The current market price of CSB Bank Ltd. is Rs 332.75. Time period given by analyst is Intra Day 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 5777.08 Crore).

Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 609.45 Crore, up 1.70 % from last quarter Total Income of Rs 599.24 Crore and up 28.17 % from last year same quarter Total Income of Rs 475.50 Crore. The bank reported net profit after tax of Rs 42.89 Crore in latest quarter.


Investment Rationale
The stock has resumed an uptrend after breaking out of trendline resistance on good volumes, confirming bullishness. Technical indicators are also in bull territory, confirming strength in the stock.