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    Buy CSB Bank, target price Rs 360: Yes Securities

    Synopsis

    CSB Bank Ltd., incorporated in the year 1920, is a banking company (having a market cap of Rs 5777.08 Crore).

    The stock has resumed an uptrend after breaking out of trendline resistance on good volumes, confirming bullishness.
    Yes Securities has buy call on with a target price of Rs 360. The current market price of CSB Bank Ltd. is Rs 332.75. Time period given by analyst is Intra Day when CSB Bank Ltd. price can reach defined target.

    CSB Bank Ltd., incorporated in the year 1920, is a banking company (having a market cap of Rs 5777.08 Crore).

    Financials
    For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 609.45 Crore, up 1.70 % from last quarter Total Income of Rs 599.24 Crore and up 28.17 % from last year same quarter Total Income of Rs 475.50 Crore. The bank reported net profit after tax of Rs 42.89 Crore in latest quarter.

    Did you Know?

    Stock score of CSB Bank Ltd moved down by 1 in a week on a 10-point scale.

    View Latest Stock Report »

    Investment Rationale
    The stock has resumed an uptrend after breaking out of trendline resistance on good volumes, confirming bullishness. Technical indicators are also in bull territory, confirming strength in the stock.
    (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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