City Union Bank’s stock has been on a downward trajectory, declining 13.2% since the release of its third-quarter (Q3 FY25) financial results. The stock ended the week at Rs 150.98, reflecting a 4.71% decline in the past five trading sessions.
Stock Performance This Week
| Day | Open | Close | Change % |
|---|---|---|---|
| Fri, Feb 21 2025 | Rs 155.89 | Rs 150.98 | -2.75% |
| Thu, Feb 20 2025 | Rs 157.88 | Rs 155.25 | -1.69% |
| Wed, Feb 19 2025 | Rs 156.95 | Rs 157.92 | +0.10% |
| Tue, Feb 18 2025 | Rs 160.78 | Rs 157.76 | -1.92% |
| Mon, Feb 17 2025 | Rs 160.00 | Rs 160.85 | +0.23% |
Q3 FY25 Financial Results
City Union Bank reported a 13% year-on-year (YoY) increase in net profit for the third quarter of FY25, reaching Rs 286 crore compared to Rs 253 crore in the same period last year. Net interest income (NII) saw a 14% growth during the October-December quarter, rising to Rs 587.7 crore from Rs 516 crore YoY.
On the asset quality front, the lender showed improvement, with gross non-performing assets (GNPA) declining to 3.36% from 3.54% in the previous quarter (QoQ). Similarly, net NPA (NNPA) dropped to 1.42%, compared to 1.62% in the prior quarter.
The private sector lender had reported a net profit of Rs 285.2 crore for the second quarter of FY25. Net interest income (NII) rose by 8.2% in the September quarter. GNPA fell to 3.54%, down from 3.88% in Q1 FY25.
Market Overview & Friday’s Closing
The broader market ended the week on a weak note as sectoral indices struggled, with 12 of 13 major indices closing in the red. The Nifty 50 ended below 22,800, while Sensex dropped 420 points. The Nifty Auto index plunged 2.5% amid reports of a potential import duty cut on EVs, affecting auto stocks like Mahindra & Mahindra and Tata Motors.
Market Commentary for February 21, 2025:
- Nifty closed at 22,795.90, down 0.51%.
- Nifty Midcap 100 and Nifty Small Cap 100 indices fell 1.32% and 0.7%, respectively.
- Nifty Metal was the sole gainer, rising over 1%.
Technical Outlook
Analysts suggest that City Union Bank is trading near its support levels, and a further drop below Rs 150 may lead to extended selling pressure. The broader market trend remains weak, with Nifty expected to consolidate between 22,700-23,050 in the coming sessions.
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