Axis Securities is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 100 in its research report dated February 15, 2016.
On February 25, 2016 Morgan Stanley Asia (Singapore) Pte sold 52,99,528 shares of City Union Bank at Rs 81.40.
It is time to cherry pick because market is giving an opportunity to pick good quality stocks for the long-term, says Sanjay Dutt of Quantum Securities.
The Tamil Nadu-based bank's net profit was Rs 102.70 crore during the same period last fiscal.
Mehraboon Irani of Nirmal Bang Securities is of the view that HDFC Bank and City Union Bank are the best bets.
The net interest margin has been maintained at an average range of 3.4-3.6 percent for nearly the past decade, and the bank will focus on maintaining it, says N Kamakodi, CMD & CEO at City Union Bank.
Sudarshan Sukhani of s2analytics.com says one should go long in the current market.
Manas Jaiswal of manasjaiswal.com recommends buying Bajaj Hindusthan with a target of Rs 20 and City Union Bank with a target of Rs 97.50.
Parag Thakkar of HDFC Securities recommends buying Pidilite Industries on dips and is bullish on Kotak Mahindra Bank.
More than the Fed action, one should be worried about what China will do to revive its economy, says Amar Ambani, head of research at IIFL. "China devaluing its currency further is a risk," he says
ICICIdirect is bullish on City Union Bank and has recommended buy rating on the stock with a target of Rs 105 in its October 30, 2015 research report.
Manav Chopra of Networth Stock Broking advises buying LIC Housing Finance with a target of Rs 450.
Reduction in base rates will happen over a period of time depending upon accretion of cost of funds and requirement of credit growth rate, said N Kamakodi, MD & CEO of City Union Bank.
In the past few days FIIs have increased allocation to India perhaps on the back of the issues in China, says Promod Gubbi of Ambit Investments
Brokerage house Firstcall Research is bullish on City Union Bank and has recommended buy rating on the stock with a target price of Rs 120 in its research report dated July 04, 2015.
Ambareesh Baliga, Market Expert is of the view that one can look at Himatsingka Seide.
Saurabh Mukherjea of Ambit Capital says foreign investors have been voicing doubts on whether they should reduce their India exposure meaningfully, which is a drastic change from last year's sentiments.
According to Ambareesh Baliga, Independent Market Expert, City Union Bank may hit Rs 130-140.
The only thing currently in favour of the market is a huge line-up of IPOs, says Ambareesh Baliga.
Sudip Bandopadhyay of Destimoney Securities is bullish on City Union Bank and South Indian Bank and advises buying IDFC.
Reliance Industries | Larsen and Toubro | Sun TV Network | Blue Dart | Pfizer | Surana Telecom | MBL Infra | Karnataka Bank | JSW Steel | DLF and City Union Bank are stocks, which are in the news today.
Private sector bank City Union Bank on Monday said it proposes to raise Rs 500 crore through Qualified Institutions Placement (QIP) to fund its business growth.
In an interview to CNBC-TV18, managing director and chief executive officer N Kamakodi, says the bank is in no hurry to raise capital because it is adequately funded.
Rohit Sah of TCW cautions the next few months are going to be rocky for the market.
Sun Pharma | Maruti Suzuki | Cipla | Dhanuka Agritech | Orchid Chemicals | Torrent Pharma | Talwalkars Fitness | NTPC | Mahindra and Mahindra | YES Bank and Bharti Airtel are stocks, which are in the news today.