India's CSB Bank jumps 8% after Maybank Securities picks up stake
27/10/2022 09:04
** Shares of private lender CSB Bank CSBB.NS rise as much
as 8% to 247.50 rupees, their biggest intra-day pct gain since
June 21, before giving up gains to trade 1% lower
** Maybank Securities Pte Ltd bought 2.6 mln shares of co at
232.30 rupees on Oct. 25 after Nomura Singapore Ltd sold similar
quantity, as per National Stock Exchange data
** Separately, SBI Mutual Fund on Tuesday said it raised
stake in co by 1.79% to 7.22% urn:newsml:reuters.com:*:nFWN31Q6CN
** Last week, co reported near flat qtrly profit, while
asset quality improved slightly urn:newsml:reuters.com:*:nFWN31L4RX
** About 3.5 mln shares change hands by 0755 GMT, 6.1x
30-day avg
** All five analysts tracking stock rate it at "buy" or
above; median PT 292 rupees - Refinitiv data
** CSB Bank shares down 2.6% YTD as of last close
(Reporting by Nallur Sethuraman in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))