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Saral Gyan - 15% @ 90 Days - March 2017

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15% @ 90 Days Stock, City Union Bank

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Saral Gyan - 15% @ 90 Days - March 2017

  1. 1. BUY TO SELL STOCKS FOR SHORT TERM GAINS 26TH MARCH 2017 CITY UNION BANK LTD BUY POTENTIAL UPSIDE: 16.7% CURRENT MARKET PRICE: 143.95 TARGET PRICE: 168.00 BSE Code 532210 Market Cap (Crores) 8706.68 NSE Code CUB P/E 17.92 Book Value 50.69 EPS 8.07 Face Value 1 Dividend Yield % 0.83 STOCK RECOMMENDATION
  2. 2. 15% @ 90 DAYS – MARCH 2017 - 2 - SARAL GYAN CAPITAL SERVICES Comparative Chart (Last 1 Year) Returns: City Union Bank & Nifty: Nifty: 19.6% City Union Bank: 63.6% Stock Resistance and Support: 1st Resistance – 150 1st Support – 135 2nd Resistance – 162 2nd Support – 127
  3. 3. 15% @ 90 DAYS – MARCH 2017 - 3 - SARAL GYAN CAPITAL SERVICES Financials at a Glance: Quarterly Results of City Union Bank Ltd (Rs. In Crores) Particulars Dec 2016 Sep 2016 Jun 2016 Mar 2016 Audited / UnAudited UnAudited UnAudited UnAudited UnAudited Revenue 811.01 790.67 772.2 756.26 Interest on Adv / Bills 656.55 647.77 633.9 613.8 Income on Investment 139.15 134.17 129.65 133.6 Int. on balances With RBI 10.6 4.48 4.53 4.05 Others Interest 4.7 4.25 4.12 4.81 Other Income 142.8 104.19 111.11 107.26 Interest Expended 504.02 489.48 492.18 491.81 Employees Cost 80.33 76.91 63.11 52.73 Other Expenses 95.87 91.73 92.24 94.93 Depreciation -- -- -- -- Op. Profit before Provisions & Cont 273.58 236.74 235.78 224.04 Provisions And Contingencies 91.96 67 70.75 70.81 Exceptional Items -- -- -- -- P/L Before Tax 181.62 169.74 165.03 153.23 Tax 55 46 41.5 41 P/L After Tax from Ord. Activities 126.62 123.74 123.53 112.23 Prior Year Adjustments -- -- -- -- Extra Ordinary Items -- -- -- -- Net Profit/(Loss) 126.62 123.74 123.53 112.23 Equity Share Capital 60.11 59.82 59.82 59.82 Reserves Exc. Rev. Reserves -- -- -- -- Equity Dividend Rate (%) -- -- -- -- EPS 2.12 2.07 2.07 1.88 Diluted EPS 2.07 2.02 2.01 1.83
  4. 4. 15% @ 90 DAYS – MARCH 2017 - 4 - SARAL GYAN CAPITAL SERVICES Basis of Recommendation: i) Technical Analysis Disclaimer: Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company. © SARAL GYAN CAPITAL SERVICES This Service is provided on an "As Is" basis by Saral Gyan Capital Services. Saral Gyan Capital Services and its affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction, whether express or implied, as to any matter whatsoever relating to the Service, including without limitation the implied warranties of merchantability, fitness for a particular purpose. Neither Saral Gyan Capital Services nor its affiliates will be responsible for any loss or liability incurred to the user as a consequence of his or any other person on his behalf taking any investment decisions based on the above recommendation. Use of the Service is at any persons, including a Customer's, own risk. The investments discussed or recommended through this service may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors as they believe necessary. Information herein is believed to be reliable but Saral Gyan Capital Services and its affiliates do not warrant its completeness or accuracy. The service should not be construed to be an advertisement for solicitation for buying or selling of any securities.

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