City Union Bank has made investors millionaires in 20 years with an investment of just Rs 1 lakh.
In the last 20 years, the shares of this bank have increased the investors’ capital by a huge amount, almost 107 times.
The first quarter of the current financial year 2022-23 has been great for City Union Bank.
New Delhi. Shares of City Union Bank, a leading private sector bank, have given multibagger returns to investors in the long run. In the last 20 years, the shares of this bank have increased the investors’ capital by a huge amount, almost 107 times. However, the shares of the bank have seen a fall of 1.81 percent in the last five days.
In the long term, City Union Bank has made its investors millionaires by investing just Rs 1 lakh. Today its shares are trading around Rs 188 on the National Stock Exchange. On the other hand, if we talk about the market cap of City Union Bank, then it is Rs 13,878.31 crore.
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Return of one crore given instead of one lakh
If we talk about the performance of City Union Bank in the last 20 years, it has given multibagger returns of 107 times to the investors. The price of the shares of the bank 20 years ago on 8 November 2002 was Rs 1.76. At the same time, today its price has increased to about Rs 188. If at that time someone had invested one lakh rupees in this stock, then today its value would have increased to Rs 1.07 crore.
Excellent returns even in short term
Shares of City Union Bank have given excellent returns not only in the long term but also in the short term. If its performance is seen in the last six months, then it has strengthened 42 percent. Its shares were at a record low of Rs 108.60 on March 7 this year. At the same time, till 19 October 2022, it had touched a record high of Rs 196.50 with an increase of about 84 percent. Now it has softened again and so far there has been a decline of about 4.50 percent.
financial position of the bank
The first quarter of the current financial year 2022-23 was excellent for City Union Bank. Its net profit increased from Rs 208.96 crore on a quarterly basis to Rs 225.14 crore in April-June 2022. At the same time, the revenue of the bank has also increased from Rs 1,049.92 crore to Rs 1,099.44 crore in the same period.
Tags: business news in hindi, Money Making Tips, Multibagger stock, Share market
FIRST PUBLISHED : November 04, 2022, 11:07 IST