City Union Bank

near term target

Posted by : laalee
Price when posted : BSE: Rs 31.15 ( 2.13 % ), NSE: Rs. 31.20 ( 2.30 % )

what is the near term target oof this stock say within a week days? i have 500 @31. pl suggest whether i shuld hold or sell. i am a short term investor. thanks...

City Union Bank

Posted by : retrobroker
Price when posted : BSE: Rs 30.55 ( 2.52 % ), NSE: Rs. 30.50 ( 2.35 % )

you will surely get a 15% upside from ur buy price...which is not bad...this upside target could me seen in this week itself.......

City Union Bank

Posted by : singh
Price when posted : BSE: Rs 29.40 ( -0.68 % ), NSE: Rs. 29.50 ( -0.34 % )

Dear sir,

I have purchased 2000 shares @28. Could you please tell me what would be realistic target for a months time.

with thanks...

City Union Bank

Posted by : smartakka
Price when posted : BSE: Rs 28.80 ( -0.69 % ), NSE: Rs. 28.65 ( -1.04 % )

I do not know how much more it will go up. But certainly if it reacts it is a best share to buy and enjoy...

City Union Bank

Posted by : ramanji
Price when posted : BSE: Rs 28.80 ( -0.69 % ), NSE: Rs. 28.65 ( -1.04 % )

Hi retrobroker

The market is waiting for the bank to announce its cut off price for its qip of Rs.300 crs. and the premium and date for its rights issue. You have to really accumulate this type of shares. Definitely it has got a decent target. ...

City Union Bank

Posted by : retrobroker
Price when posted : BSE: Rs 28.80 ( -1.71 % ), NSE: Rs. 28.85 ( -1.20 % )

Hi Ramanji,
I think markets are headed for a correction 17500 is the capped upside...i dnt see this crossing 32 in october..i would use any upmove to exit this script...if markets turn weak...this will have to come down as welll...

City Union Bank

Posted by : retrobroker
Price when posted : BSE: Rs 28.80 ( -1.71 % ), NSE: Rs. 28.85 ( -1.20 % )

sold a few today but still have 3/4th of my positions in this stock..waiting for it to breach 32...to show any meaningful upside...did buy Bharti Airtel instead....

City Union Bank

Posted by : ramanji
Price when posted : BSE: Rs 29.30 ( -2.66 % ), NSE: Rs. 29.20 ( -3.31 % )

With the impending QIP the stock has got big potential to reach at least above Rs.35 then to Rs.40 and then to Rs.51.The Rs. 300crs qip issue and rights premium will enhance its reserves to over Rs.1000 crs.Then calculate the financial leverage the bank will get for future growth and big ticket expansion....

City Union Bank to raise Rs 300cr

Posted by : ramanji
Price when posted : BSE: Rs 29.30 ( -2.66 % ), NSE: Rs. 29.20 ( -3.31 % )

City Union Bank has approved the proposal that it will raise Rs 300 crore by way of private placement of shares with qualified institutional buyers.This and the rights premium should boost the banks reserves over Rs.1000crs.The 1:4 rights issue premium will depend upon the placement cut off price. Assuming with the book value of around Rs.20 and with Rs.683 crs. reserves the premium should be around Rs.15.If it is so the share price should minimum cross and settle around Rs35.If the market conditions are ok it may touch Rs.51
...

Good stock

Posted by : ganpa
Price when posted : BSE: Rs 29.30 ( -2.66 % ), NSE: Rs. 29.20 ( -3.31 % )

This is one of the good stock with good management, L&T stake in it , can go beyond 32 -40 levels soon after correction is over....

TRADING AT CUM RIGHTS 1:4

Posted by : smartakka
Price when posted : BSE: Rs 29.50 ( -1.99 % ), NSE: Rs. 29.50 ( -2.32 % )

Right issue is to be approved and only then it can be posted on BSE site. Premium has not been decided. Record date comes later...

BSE Announcements on City Union Bank

Posted by : MMB Messenger
Price when posted : [City Union Bank - BSE:Rs. 29.85 NSE:Rs. 13.50 when posted]

City Union Bank Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on August 31, 2009. ...

NSE Announcements on City Union Bank

Posted by : MMB Messenger
Price when posted : [City Union Bank - BSE:Rs. 30.10 NSE:Rs. 13.50 when posted]

City Union Bank Ltd. has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the shareholders of the bank held on August 31, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....

TRADING AT CUM RIGHTS 1:4

Posted by : agarw
Price when posted : BSE: Rs 30.85 ( 1.82 % ), NSE: Rs. 30.80 ( 1.32 % )

I also read about this somewhere, but can anybody tell why there is no mention of rights issue in BSE site.
And also whats the record date and record price for the same. ...

TRADING AT CUM RIGHTS 1:4

Posted by : nitin6570
Price when posted : BSE: Rs 30.15 ( -0.50 % ), NSE: Rs. 30.00 ( -1.32 % )

wht is record date


and wht is th eprocess for right issues
kindly some throw some light

TIA ;-)...