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City Union Bank Gets 'Buy' Upgrade From ICICI Securities, Says Risk-Reward Favorable At Current Valuations
ICICI Securities upgrades City Union Bank to Buy with an unchanged target price of Rs 200, valuing the stock at ~1.45x FY26E adjusted book value, broadly in-line with forward RoAs.
04 Mar 2025, 11:05 AM IST 
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City Union Bank's current valuation is at its lowest in the last three years while the growth outlook has been relatively better ahead.
(Source: Bank's official Facebook page)
City Union Bank had posted healthy Q3 FY25 numbers with unchanged growth guidance. However, its stock price has corrected ~17% in the last one month – influenced by multiple factors, including a technical reason of the stock exiting from future & options.
