City Union Bank Achieves 52-Week High Amid Strong Financial Performance and Low NPAs

City Union Bank has made headlines today as its stock price reached a new 52-week high of Rs. 204.5, reflecting a strong performance in the private sector banking industry. The stock has shown consistent upward momentum, gaining 2.32% over the last two days, aligning with sector trends. Notably, City Union Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust technical position.
In terms of financial health, City Union Bank boasts a high Return on Assets (ROA) of 1.36% and a strong Capital Adequacy Ratio of 20.98%, providing a solid buffer against risk-based assets. The bank has reported impressive growth, with net profits increasing at an annual rate of 18.73% and achieving a record high in interest earned at Rs. 1,532.72 crore for the latest quarter.

With a Gross Non-Performing Asset (NPA) ratio at a low 3.09% and high institutional holdings at 61.1%, City Union Bank stands out as a strong performer in the market, significantly outpacing the Sensex's 7.63% return over the past year.