India's CSB Bank hits 52-wk high before sliding after Q4 report
28/04/2023 10:38
** Shares of CSB Bank Ltd CSBB.NS reverse course to trade
down 5%, set for worst day since Dec. 23, after Q4 results
** Stock was up, incl hitting a new 52-week high, ahead of
results
** The bank reports March-quarter gross non-performing
assets (NPA) worsened to 1.26% from 1.45% in previous quarter
** Net profit climbed ~20%, while interest earned rose 22.5%
** Trading vol of over 2 mln shares is 3.2x the 30-day avg
** Despite the drop, stock is up ~14% in April, ~17% YTD
(Reporting by Priya Sagar in Bengaluru)
((Priya.Sagar@thomsonreuters.com))