Tuesday, October 26, 2021

CSBBANK Q2FY22 RESULT | Stock Price Outlook


CSB Bank Ltd reported 8.15% rise fall in total consolidated revenues in the Sep-21 quarter at Rs555.64cr. Revenues were down -1.92% on sequential basis.

In terms of segmental top line, revenues from treasury were lower on a yoy basis while the revenues from corporate banking were marginally higher by 7.9%. Retail banking revenues were up 21% on a yoy basis.

Operating profits were higher by 25.50% at Rs149.38cr in the Sep-21 quarter but it was -14.51% lower on a sequential basis.

Stock Outllok

Stock looks good at current cmp and can test 368 - 381 in short to mid term.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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