According to Satish Gupta of astrostocktips, banking/financial sector will be getting astrological support and advises buying LIC Housing Finance, YES Bank, IDBI Bank, Repco Home Finance, GRUH Finance, State Bank of India, Dewan Housing Finance Corporation and City Union Bank on every dip.
Axis Bank, Indian Hotels Company and City Union Bank were the top buys, while TV18 Broadcast, Federal Bank and Petronet LNG were the top sells by the fund.
Standalone Net Interest Income (NII) for the quarter was Rs 206.22 crore and net profit was Rs 93.75 crore.
Devang Mehta of AnandRathi prefers Federal Bank, City Union Bank and Karur Vysya Bank.
Devang Mehta of Anand Rathi Financial Services feels that HDFC Bank may touch Rs 800.
According to Phani Sekhar of Angel Broking, one may prefer South Indian Bank and City Union Bank instead of Manappuram Finance.
Sushil Finance has recommended to buy City Union Bank and accumulate VST Tillers Tractors for the target price of Rs 58 and Rs 938 respectively in its February 2014 research reports.
Kailash Auto Finance has market cap greater than L&T Fin, City Union, Bank of Maharashtra, Vijaya Bank, Kotak Bank and Dena Bank. This is the company with 0.1% promoter holding. It reported FY13 PAT at Rs 1.1 lakh only. Nearly 7500 shareholders own entire equity. MSCI has included Kailash Auto Finance in small cap focus list.
Brokerage house Firstcall Research is bullish on City Union Bank and has recommended buy rating on the stock with a target price of Rs 58 in its January 02, 2014 research report.
Bhavin Shah, CEO at Equirus Securities feels that City Union Bank may go above Rs 70.
Bhavin Shah, CEO, Equirus Securities talks about the companies he is betting on in the pharma, infrastructure and banking space, among others.
Ambareesh Baliga of Edelweiss Securities recommends buying Axis Bank, ICICI Bank and HDFC Bank within the largecap private sector banks.
Bhavin Shah of Equirus Securities is of the view that one may pick City Union Bank as the stock may give 30 percent return in the next six months.
N Kamakodi, MD & CEO, says since the bank has always been neutral on short-term borrowing, the hike in term repos of 7-day and 14-day tenor from 0.25 percent of NDTL of the banking system to 0.5 percent does not impact them.
Reserve Bank governor Raghuram Rajan has said there is going to be a bigger opening because they could contemplate new rules for the entry of foreign banks. It may even allow them to take over Indian banks.
Jet Airways | Zuari Agro | Geometric | Prestige Estates | Jaypee Infratech | Merck | City Union Bank | Sesa Goa | Dr Reddys Labs | Fresenius Kabi | Man Industries | Jindal Steel and Sterlite Industries are stocks, which are in the news today.
In an interview to CNBC-TV18, N Kamakodi, MD & CEO, City Union Bank spoke about RBI recent measures.
Saurabh Mittal of Swadeshi Capital recommends selling Aurobindo Pharma with target of Rs 173 and buy Glenmark Pharma with a target of Rs 575.
Find out how to trade Gujarat Mineral Development Corporation, City Union Bank and Triveni Turbine from Bhavin Shah Of Equirus Securities.
Dolat Capital is bullish on City Union Bank and has recommended buy rating on the stock with a target of Rs 67 in its May 21, 2013 research report.
City Union Bank reported 15 percent year-on-year rise in its fourth quarter (January - March) net profit to Rs 83 crore, aided by other income, which increased 32 percent to Rs 81 crore. Total provisions increased to Rs 44 crore compared with Rs 30 crore a year ago, an accretion of 48 percent y-o-y.
City Union Bank core has seen good growth in core income this quarter. The gross NPA has come down from 1.23 percent to 1.13 percent, while the gross number has come down from Rs 178.74 crore to Rs 173.10 crore.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater, Fortunewizard.com shares trading strategy of the day.
City Union Bank and South Indian Bank are looking good at current levels, says Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities.
City Union Bank, which has significance presence in southern India sees no stress on its gold loan portfolio unlike other gold financers, and hopes to maintain its net interest margin at 3.3 percent going forward, N Kamakodi, MD & CEO, City Union Bank said.