City Union Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 168.2, up 1.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. City Union Bank Ltd has risen around 6.61% in last one month. Meanwhile, Nifty Private Bank index of which City Union Bank Ltd is a constituent, has risen around 2.12% in last one month and is currently quoting at 25134.7, up 1.31% on the day. The volume in the stock stood at 8.53 lakh shares today, compared to the daily average of 38.31 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 168.52, up 1.24% on the day. City Union Bank Ltd is up 37.47% in last one year as compared to a 27.43% spurt in NIFTY and a 11.92% spurt in the Nifty Private Bank index.The PE of the stock is 11.69 based on TTM earnings ending June 24.Powered by Capital Market - Live

City Union Bank announced that the Annual General Meeting (AGM) of the bank will be held on 22 August 2024.Powered by Capital Market - Live

Among the components of the BSE Healthcare index, Alembic Pharmaceuticals Ltd (down 4.37%), FDC Ltd (down 2.99%),Torrent Pharmaceuticals Ltd (down 2.2%),Concord Biotech Ltd (down 2.05%),NGL Fine Chem Ltd (down 1.71%), were the top losers. Among the other losers were Artemis Medicare Services Ltd (down 1.67%), Ami Organics Ltd (down 1.59%), Novartis India Ltd (down 1.58%), Jagsonpal Pharmaceuticals Ltd (down 1.26%), and Hester Biosciences Ltd (down 1.25%). On the other hand, Neuland Laboratories Ltd (up 6.95%), RPG Life Sciences Ltd (up 6.13%), and Bajaj Healthcare Ltd (up 5.5%) turned up.At 13:42 IST, the BSE SmallCap was up 490.32 or 0.89% at 55418.49.The BSE 150 MidCap Index index was up 113.88 points or 0.69% at 16645.03.The Nifty 50 index was up 60.65 points or 0.24% at 24896.75.The BSE Sensex index was up 220.6 points or 0.27% at 81576.44.On BSE,2310 shares were trading in green, 1542 were trading in red and 127 were unchanged.Powered by Capital Market - Live

Among the components of the BSE Fast Moving Consumer Goods index, Varun Beverages Ltd (down 5.92%), Godrej Consumer Products Ltd (down 1.88%),Prataap Snacks Ltd (down 1.4%),Dodla Dairy Ltd (down 1.36%),Avanti Feeds Ltd (down 1.16%), were the top losers. Among the other losers were Doms Industries Ltd (down 1.15%), Agro Tech Foods Ltd (down 1.15%), Bajaj Consumer Care Ltd (down 1.06%), Procter & Gamble Hygiene and Health Care Ltd (down 0.9%), and Mrs Bectors Food Specialities Ltd (down 0.8%). On the other hand, Foods & Inns Ltd (up 5.75%), Colgate-Palmolive (India) Ltd (up 5.55%), and Venkys (India) Ltd (up 5.03%) moved up.At 13:42 IST, the BSE SmallCap was up 490.32 or 0.89% at 55418.49.The BSE 150 MidCap Index index was up 113.88 points or 0.69% at 16645.03.The Nifty 50 index was up 60.65 points or 0.24% at 24896.75.The BSE Sensex index was up 220.6 points or 0.27% at 81576.44.On BSE,2310 shares were trading in green, 1542 were trading in red and 127 were unchanged.Powered by Capital Market - Live

Among the components of the BSE Information Technology index, Newgen Software Technologies Ltd (down 3.93%), Expleo Solutions Ltd (down 2.31%),Magellanic Cloud Ltd (down 2.19%),Aurionpro Solutions Ltd (down 2.14%),Oracle Financial Services Software Ltd (down 1.86%), were the top losers. Among the other losers were Quick Heal Technologies Ltd (down 1.78%), Control Print Ltd (down 1.72%), Zaggle Prepaid Ocean Services Ltd (down 1.7%), D-Link India Ltd (down 1.64%), and Xchanging Solutions Ltd (down 1.53%). On the other hand, Protean eGov Technologies Ltd (up 9.18%), 63 Moons Technologies Ltd (up 4.99%), and Cressanda Railway Solutions Ltd (up 4.94%) moved up.At 13:42 IST, the BSE SmallCap was up 490.32 or 0.89% at 55418.49.The BSE 150 MidCap Index index was up 113.88 points or 0.69% at 16645.03.The Nifty 50 index was up 60.65 points or 0.24% at 24896.75.The BSE Sensex index was up 220.6 points or 0.27% at 81576.44.On BSE,2310 shares were trading in green, 1542 were trading in red and 127 were unchanged.Powered by Capital Market - Live

Profit before tax (PBT) grew 27.54% year on year (YoY) to Rs 334.49 crore in the quarter ended 30 June 2024. Net interest income (NII) rose 4% to Rs 545 crore in June 2024 quarter as compared to Rs 523 crore in Q1 FY24. For Q1 FY25, NIM was at 3.54% as against 3.67% in the corresponding period last year. The bank's operating profit before provisions and contingencies declined 9.84% to Rs 373.49 crore in June 2024 quarter as compared to Rs 414.27 crore recorded in Q1 FY24. The bank made a provision of Rs 109 crore as of June 2024 as against Rs 187 crore in the corresponding period last year. Provision coverage ratio (PCR) stood at 73% as of June 2024 as against 70% in last year. On asset quality front, the gross non-performing assets (GNPA) was at Rs 1,806.45 crore as on June 2024 as against Rs 2,081.07 crore as on June 2023. The ratio of gross NPA stood at 3.88% as of 30 June 2024 as compared to 4.91% as on 30 June 2023. The ratio of net NPA stood at 1.87% as of June 2024 as compared with 2.51% as of June 2023. Total deposits of the bank increased 6% for Q1 FY25 to Rs 54,857 crore from Rs 51,655 crore recorded in the corresponding quarter previous year. CASA deposits rose 2% YoY to Rs 16,195 crore in Q1 FY25. Total advances increased by 10% to Rs 46,548 crore in June 2024 quarter from Rs 42,405 crore in same quarter last year. Credit deposit ratio stood at 85%. The bank's capital adequacy as on 30 June 2024 as per Reserve Bank of India (RBI) guidelines on Basel III norms was 23.58% and Tier-1 capital adequacy was 22.55%, well above regulatory requirements. Further, the board has approved raising further capital through QIP route upto Rs 500 crore. City Union Bank offers a wide range of banking and financial services across India, including both domestic and International banking services. It is a private sector bank with 800 branches across states and three Union territories. The scrip hit 52-week high at Rs 174.70 in today's intraday session. Powered by Capital Market - Live