15% @ 90 Days Stock, City Union Bank

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
23rd OCTOBER 2016
CITY UNION BANK LTD BUY POTENTIAL UPSIDE: 16.5%
CURRENT MARKET PRICE: 144.20 TARGET PRICE: 168.00
BSE Code 532210 Market Cap (Crores) 8709.67
NSE Code CUB P/E 19.07
Book Value 53.09 EPS 7.63
Face Value 1 Dividend Yield % 0.83
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – OCTOBER 2016
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: City Union Bank & Nifty:
Nifty: 4.8% City Union Bank: 62.2%
Stock Resistance and Support:
1st Resistance – 150 1st Support – 135
2nd Resistance – 162 2nd Support – 127

3. 15% @ 90 DAYS – OCTOBER 2016
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of City Union Bank (Rs. In Crores)
Particulars Jun 2016 Mar 2016 Dec 2015 Sep 2015
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Int. / Disc. On Adv / Bills 633.9 613.8 598.22 582.95
Income on Investment 129.65 133.6 140.46 143.26
Int. on balances With RBI 4.53 4.05 2.75 2.59
Others 4.12 4.81 5.54 6.12
Other Income 111.11 107.26 103.31 94.52
Total Interest Earned / Income 883.31 863.52 850.28 829.44
Interest Expended 492.18 491.81 494.12 494.83
Employees Cost 63.11 52.73 63.25 48.93
Other Expenses 92.24 94.93 86.03 80.49
Depreciation -- -- -- --
Op. Profit before Provisions & Cont 235.78 224.04 206.89 205.2
Provisions And Contingencies 70.75 70.81 64.83 49.85
Exceptional Items -- -- -- --
P/L Before Tax 165.03 153.23 142.06 155.35
Tax 41.5 41 29 47.5
P/L After Tax from Ord. Activities 123.53 112.23 113.06 107.85
Prior Year Adjustments -- -- -- --
Extra Ordinary Items -- -- -- --
Net Profit/ (Loss) 123.53 112.23 113.06 107.85
Equity Share Capital 59.82 59.82 59.82 59.82
Reserves excl Revaluatn Reserves -- -- 2,635.87 --
Basic EPS 2.07 1.88 1.89 1.81
Diluted EPS 2.01 1.83 1.79 1.71
No Of Shares (Crores) -- -- -- 59.82
Share Holding (%) -- -- -- 100

4. 15% @ 90 DAYS – OCTOBER 2016
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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