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Espresso shot of the day – CSB Bank Ltd up by 9.59 percent)

Espresso shot of the day – CSB Bank Ltd up by 9.59 percent

March 05, 2021

CSB BANK LTD 259.40 (+9.59%)  BSE – INE679A01013| 5TH MARCH 2021


Established in 1920 as The Catholic Syrian Bank Limited, CSB Bank Limited had its modest beginning in November 1920 and is currently the oldest private sector bank in Kerala, celebrating its Centenary Year in 2020. During this century long period, the bank has grown from strength to strength, adapting admirably to the far-reaching social, political and economic changes that have taken place during the period. The enterprising spirit inherited from its founding fathers has been maintained throughout its history, which has blended the tradition of hard work and customer focus in its march to the new Millennium.

Recent Drivers

  • CSB Bank Limited reported Quarterly Net Profit at Rs 53.05 crores in December 2020 up 88.52% from Rs 28.14 crores in December 2019.
  • CSB Bank Limited reported Net Interest Income (NII) at Rs 251.18 crores in December 2020 up 61.81% from Rs 155.23 crores in December 2019.
  • CSB Bank Limited is targeting a 30% growth on its Rs 13,000-crores loan book.
  • CSB Bank Limited has strengthened its leadership team at its risk, technology, retail distribution, SME, NRI and digital business verticals.
  • On 5th January 2021, CSB bank said SBI Mutual Fund has increased its stake in the bank to over 5%.
 (Sources: MoneyControl, The Economic Times)

Technical Force*

  • S&P BSE ALL CAP month till date gain down by -1.17%
  • Traded on new 52- week high 273.95
  • Spurt in volume by more than 20.21 times compares to previous vol. 3 months avg qty – 4,86,730
  • Stock price has jumped more than 180% from one year low level – 95.00 , 25 March 2020
  • Daily RSI (14) is in overbought territory, RSI central line crossed above central line 8 periods ago
  • 52 -week high - 273.95 | 52- week low - 95.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

468.57

369.23

293.67

194.33

118.77

19.43

-

-

Fibonacci Pivot

369.23

302.42

261.15

234.56

194.33

154.11

127.52

86.25

19.43


Today’s Close

259.40

SMA

BSE

10 DAY

230.86

20 DAY

225.99

50 DAY

225.48

200 DAY

211.74

Some Key Ratios (Source: BSE)

Market Cap: 4499.44 crores

PE: 35.45

OPM%:

ROE%: 5.56

Prev. Close: 236.70

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.