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ICICI Securities is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 170 in its research report dated April 21, 2024.

Buy City Union Bank; target of Rs 170: ICICI Securities

The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.

RBI MPC | Experts list top 10 rate-sensitive stocks as RBI keeps repo unchanged

In terms of levels, immediate resistance for Nifty 50 is notable at 22,800, a significant level on higher time frames, with further resistance observed at 23,170 and 23,400.

Hot Stocks: Bet on Ipca Laboratories, HEG, City Union Bank for 15-25% return in short term

There is an expectation that the tax exemption of capital gains bonds could be hiked to Rs 1 crore from Rs 50 lakh now, and the interest exemption on housing loans could be raised from Rs 2 lakh now.

Expect some housing incentives in Budget, prefer private over PSU banks: Macquarie’s Suresh Ganapathy

City Union Bank Ltd. engages in providing financial services. It operates through the following segments: Treasury, Corporate & Wholesale Banking, Retail Banking, and Other Banking Operations. The company was founded on October 31, 1904 and is headquartered in Kumbakonam, India.

City Union Bank Ltd.

Watchers	230
52-Wk Low	119.50
52-Wk High	167.80

Volume	2.3M
52-Wk High	167.80
52-Wk Low	119.50

CUB.NSE City Union Bank Ltd.

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