City Union Bank Share Price Soars 2% To Reach Highest Level Since March 2020, Jumps 40% in Under 4 Months

City Union Bank Share Price in Focus: Despite the Indian Stock Market Trading in a Narrow Range, Shares of City Union Bank Extended Their Winning Streak for a Fourth Consective Session on TuesDay, June 10, Junn 10, Gaining Another 2% to Reaching Another 2% to Reach He Since March 2020 and Incing Closer to the All-Time High of 249.35 Apiece, Last Seen in January 2020.

The stock of the private sector lender has been on an upward Trajectory over the past four months (including June), delivery a strong 40% return and significant outperforming the nifty bank index, Whoch Gained 17.30% during the same period.

Investor Sentiment Towards the bank has improved following This performance has also prompted domestic brokege firms to raise their target multiples, further fueling the rally.

The bank is planning to raise funds, with a final decision expected at the upcoming annual general meeting (AGM). The agm date will be set during the Board of Directors Meeting Scheduled for Wednsday, June 11, 2025.

For the March Quarter, The Bank Reported a 13% Yoy Increase in Net Profit to 288 Crore, Driven by Stronger Fee Income, Particular from Insurance and Processing Charges. Net Interest Income (NII) Rose 10% Yoy To 600 Crore, While Net Interest Margins (NIMS) Improved marginally by 2 Basis points, as the bank shd lower-yielding loans.

Following the bank’s in-line performance, ₹ 225 apie, while mainTaining a ‘Buy’ Rating “> Axis Securities Revised Its Target Price for City Union Bank to 225 Apiece while MainTaining a ‘Buy’ Rating. Similarly, idbi capital retained its ‘Buy’ Rating With a Target of 215. Anand rathi also maintained a ‘boy’ with a 12-month target of 218, while prabhudas lilladher raised its target to 210 from 200, Reiterating Its ‘Buy’ Stance.

Breakout above 210 Cold Propel Stock Towards 300, Says Expert

Anshul Jain, Head of Research at Lakshmishree Investments, said, “City union bank is consolidating 210. A Breakout Above This Level, Especially with Strong Volume Participation, will mark a significant structural shift and act as a launchpad for a major rally.

“The UPSIDE TARGET POST-Breakout is Placed at 300. Given the Duration of the base and potential for re-rating, traders and investors should watch 210 Closely for Confirmation Before Entering Long Positions, ”Anshul further added.

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