City Union Bank gained 3.21% to Rs 102.95 at 10:41 IST on BSE after net profit rose 18.9% to Rs 99.08 crore on 11.6% growth in total income to Rs 804.53 crore in Q4 March 2015 over Q4 March 2014.
The result was announced on Saturday, 23 May 2015.
Meanwhile, the BSE Sensex was down 113.71 points, or 0.41%, to 27,843.79
On BSE, so far 53,531 shares were traded in the counter, compared with an average volume of 1.19 lakh shares in the past one quarter.
The stock hit a high of Rs 104.05 and a low of Rs 102.25 so far during the day. The stock had scaled a record high of Rs 102.60 on 4 March 2015. The stock hit a 52-week low of Rs 66.45 on 29 May 2015.
The stock had outperformed the market over the past one month till 22 May 2015, rising 5.72% compared with Sensex's 0.24% rise. The scrip had also outperformed the market in past one quarter, rising 1.22% as against Sensex's 4.36% fall.
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The mid-cap private sector bank has an equity capital of Rs 59.66 crore. Face value per share is Re 1.
City Union Bank's provisions and contingencies surged 96.21% to Rs 58.12 crore in Q4 March 2015 over Q4 March 2014.
The bank's ratio of gross non-performing assets (NPAs) to gross advances stood at 1.86% as on 31 March 2015 as against 2.12% as on 31 December 2014 and 1.81% as on 31 March 2014. The ratio of net NPAs to net advances stood at 1.3% as on 31 March 2015 as against 1.31% as on 31 December 2014 and 1.23% as on 31 March 2014.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 16.52% as on 31 March 2015 as against 15.73% as on 31 December 2014 and 15.01% as on 31 March 2014.
City Union Bank is a private sector bank.
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