This private sector lender saw sharpest intra-day surge in 10 months

The sustenance of gold business as a proportion of book coupled with gradual improvement in non-gold segment to bring diversification and steady RoA are key triggers for future price performance.

Shares of CSB Bank soared 13 per cent to Rs 254.15, its sharpest intra-day surge in the past 10 month, on Tuesday, amid heavy volumes. Earlier, the stock of private sector lender had rallied 13.5 per cent on May 6, 2022 in intra-day trade, the BSE data shows.

At 02:27 pm; CSB Bank traded 9 per cent higher at Rs 245.75, as compared to 0.70 per cent rise in the S&P BSE Sensex. The average trading volumes on the counter jumped five-fold as around 2.5 million shares that represented 1.4 per cent of total equity of CSB Bank changed