Review: City Union Bank

As predicted in our earlier writtings, stock price has climbed to Rs. 64/- on 09.05.2014. FII limit has also been hiked to 35% giving further scope for up ward movement.

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City Union Bank Ltd

City Union Bank, currently priced at Rs. 45/- is ready for a up move to Rs. 54/- or so, expected to consolidate around that price for a further up ward move to about Rs. 65/-, from where it can go up to Rs. 80/- to Rs. 90/- in next one to one and a half year. Fundamentally, very strong business.

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City Union Bank

City Union Bank has shown a growth of over 25% in Q1 2014 profits and is projected to achieve  an EPS of about Rs. 8-8.5 for 2014. It is fast expanding its branch network. Likely to achieve a price target of Rs. 80/- to Rs, 90/- in next one year. Currently priced at Rs, 46/-.


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