India's CSB Bank jumps to near 2-week high on quarterly update
03/01/2023 04:59
** Shares of CSB Bank CSBB.NS rise as much as 6.8%, their
highest since Dec 22, 2022
** CSBB sees biggest intraday pct gain since Dec 19
** The private lender reported on Monday that provisional
total deposits for the quarter ended December rose ~19% Y/Y at
226.64 bln rupees ($2.74 bln)
** Provisional gross advances for Dec qtr rose ~26% Y/Y at
186.43 bln rupees
** Shares set for a fourth consecutive session of gains
** Stock has been trading above its 50-day, 100-day and
200-day simple moving avgs for the last 17 sessions
** Over 1.4 mln shares change hands, 2.1x its 30-day moving
avg
** All five analysts covering the stock rate it as "buy" or
higher; median PT is 292 rupees - Refinitiv data
** CSB Bank stock up 42.4% in 2022
($1 = 82.7400 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))