City Union Bank trades in green on the BSE

City Union Bank is currently trading at Rs 45.55, up by 0.05 points or 0.11% from its previous closing of Rs 45.50 on the BSE.

The scrip opened at Rs 45.80 and has touched a high and low of Rs 45.85 and Rs 45.00 respectively. So far 15643 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 65.60 on 16-Jan-2013 and a 52 week low of Rs 42.90 on 21-Aug-2012.

Last one week high and low of the scrip stood at Rs 48.15 and Rs 44.00 respectively. The current market cap of the company is Rs 2462.96 crore.

The Institutions and Non-Institutions held 29.49 % and 70.51 % respectively.

City Union Bank has inaugurated new branch at Marthandam in Kanyakumari on August 08, 2013. Recently, the bank opened two new branches in Chennai on August 05, 2013. The bank opened one branch at Red Hills while the other branch was inaugurated at Perumbakkam in state of Tamil Nadu.

City Union Bank’s first quarter net profit surged 22 percent year-on-year to Rs 90.3 crore on lower provisions. While, net interest income jumped 35.8 percent to Rs 187.4 crore in April-June quarter from Rs 138 crore in a year ago period. The company’s gross non-performing asset (NPA) increased 12 bps quarter-on-quarter to 1.25 percent, but net NPA was unchanged at 0.63 percent.