City Union Bank Ltd. Trades 8.56 Million Shares, Total Value Hits Rs 21,315 Lakhs

City Union Bank Ltd. (CUB), a small-cap player in the private sector banking industry, has emerged as one of the most active equities today, with a total traded volume of 8,564,848 shares and a total traded value of approximately Rs 213.15 crores. The stock opened at Rs 251.00, reflecting a significant gain of 6.34% from the previous close of Rs 236.04. Throughout the trading session, CUB reached a new 52-week high of Rs 253.00, marking a 7.19% increase at its peak.
In terms of performance, City Union Bank has outperformed its sector by 5.68%, showcasing a robust return of 8.91% over the last two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is noteworthy that investor participation has declined, with a delivery volume of 661,000 shares on November 3, down 59.52% compared to the 5-day average.

Despite the drop in delivery volume, the liquidity remains adequate for trades of up to Rs 1.21 crores, reflecting a healthy trading environment. Overall, City Union Bank's performance today highlights its active market presence and resilience in the current financial landscape.