Csb Bank is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses.
The Stock broke out of Ascending Triangle Pattern with Cup & Handle Inside and that too with good volume. RSI is at perfect levels. There is a perfect MACD crossover as well. All technical indicator is bullish.
The Company is fundamentally strong as well. An annual revenue growth of 31% is outstanding, Pre-tax margin of 13% is healthy, ROE of 10% is good. The Company is continuously posting robust numbers. The last quarter numbers are also excellent with an increase of 28% in sales YoY and 172% in EPS YoY. Mutual Funds and FPI have consistently increased their stake in the counter.
Add for Targets of 320-350 with SL at 249.
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First Target reached in 20 days, a return of almost 24% till now. Must book atleast 50%