Buy CSB Bank, target price Rs 456: HDFC Securities

CSB Bank Ltd., incorporated in the year 1920, is a banking company (having a market cap of Rs 6989.74 Crore).

By ETMarkets.com | Dec 05, 2023, 10.30 AM IST

Promoters held 49.72 per cent stake in the company as of 30-Sep-2023, while FIIs owned 4.65 per cent, DIIs 14.35 per cent.

HDFC Securities has buy call on CSB Bank with a target price of Rs 456. The current market price of CSB Bank Ltd. is Rs 403.

CSB Bank Ltd., incorporated in the year 1920, is a banking company (having a market cap of Rs 6989.74 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-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 835.79 Crore, up 3.82 % from last quarter Total Income of Rs 805.04 Crore and up 39.27 % from last year same quarter Total Income of Rs 600.12 Crore. The bank reported net profit after tax of Rs 133.17 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 49.72 per cent stake in the company as of 30-Sep-2023, while FIIs owned 4.65 per cent, DIIs 14.35 per cent.

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