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. 220.95, reflecting a robust performance in the private sector banking industry. The stock has outperformed its sector by 1.63%, marking a notable achievement as it has gained 8% over the last two days. Despite opening with a slight dip of 2.11%, the stock's resilience is evident as it trades above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
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%, indicating solid buffers against risk-based assets. The bank has consistently reported positive results over the last three quarters, with net profit growing at an annual rate of 18.73%. Additionally, the Gross Non-Performing Assets (NPA) ratio stands at a low 3.09%, showcasing effective asset management.

With a one-year performance of 32.02%, significantly outpacing the Sensex's 5.16%, City Union Bank continues to demonstrate its strong market position and operational efficiency.