Union bank

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

Emkay Global has a call to buy on City Union Bank with a target price of Rs 200. The current market price of City Union Bank Ltd. is Rs 120.55. The period given by the analyst is one year when the price of City Union Bank Ltd. can achieve the set goal.

City Union Bank Ltd., incorporated in 1904, is a banking company (having a market capitalization of Rs 8901.99 Crore).

Major products/revenue segments of City Union Bank Ltd. include interest and discounts on advances and bills, income from investments, interest on balances with RBI and other interbank funds and interest for the year ending March 31, 2021.

finance

For the quarter ended 31-12-2021, the company reported total standalone revenue of Rs 1195.24 Crore, down -2.42% from last quarter, total revenue of Rs 1224.94 Crore and down -6.46% compared to the same quarter last year. Total income of Rs 1277.80 Crore. The bank reported a net profit after tax of Rs 196.12 Crore last quarter.

Promoter/Fii Holdings
The promoters held 0% of the company’s capital as of December 31, 2021, while the FIIs held 16.0% and the DIIs 43.94%.

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