India's City Union Bank hits record high on second-quarter profit rise

City Union Bank

04/11/2025 06:13

** Shares of City Union Bank CTBK.NS jump as much as 7.19% to 253 rupees, their highest on record

** Co's second-quarter net profit rises 15% y/y to 3.29 billion rupees

** Macquarie ("Outperform", PT at 245 rupees) says PAT beat driven by higher margins and lower credit costs

** ICICI Securities ("Buy", raises PT to 280 rupees from 250 rupees) says strong quarter with impressive delivery on growth, NIM (net interest margin) and asset quality

** Adds co delivered sector-leading growth; FY26 estimate raised to 18% YoY

** Emkay ("Buy", raises PT to 270 rupees from 250 rupees) says lender delivered all-around strong performance, adds asset quality continued to improve

** Stock rated "Buy" on avg by 22 analysts covering it; median PT at 269 rupees - data compiled by LSEG

** YTD, CTBK climbs ~45%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))