CUB had a strong upside rally from lower levels and today it has given a correction which gives an opportunity to buy at lower levels for a target of 185 and 225. Technically and fundamentally its a strong buy. The growth in CUB is certainly visible and hence it is sure buy at current levels regardless of how overall market moves.
Trade active
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Buy aggressively at 132 levels, this is the bottom price and we shall see sharp upside anytime soon.
Trade active
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After the buy call on 9th Feb, the price went to 141 and again retraced back. This retracement is good opportunity to those who missed to buy at low and to anyone who wants to accumulate more shares. I feel the CUB can shoot up 10% plus movement anytime.
This is the only stock which has went down little below our purchase price. Keep holding and add on if you wish to. The stock has to go up after careful consideration of all the fundamentals including analysis of management commentary. So don't worry and stay strong.
PrashantDahale
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Since last 2 days market negative, but CUB is slowly steadily going up and soon to gain momentum. It is still up from our buy price in down market.
PrashantDahale
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There is a change in Management of CUB credit department. Today, Shri Mahesh Rajaraman has been appointed as the HEAD-CREDIT by the Board of the Directors of the Bank and he has joined the bank today itself. Aged 52 years, M.Sc, MBA and highly experienced person with 3 decades of experience in Banking sector, where 8 years was in Yes Bank, 12 years in Hdfc Bank, HSBC and ANZ Grindlays Bank. His specialisation and area of expertise include Retail Assets, Credit Cards, Agriculture and SME in the domains of Underwriting, Collections, Fraud Risk Management and AML Controls.
On Monday, we can see 10-15 percentage upside in CUB stock. Good luck to all the shareholders.
PrashantDahale
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We have seen that recently its peer bank RBL has gone up sharply and recovered from lower levels. However, CUB has not yet recovered. Today, it should be atleast around 155 levels. Fundamentally its intrinsic value is coming around 160. So, its a strong accumulation buy call given the sharp possible upside in a very short term possible.