CSB Bank shares rally 8% after meeting with asset management firm WhiteOak Capital

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CSB Bank shares jumped as much as 7.7% on Tuesday to Rs 331 on BSE after the private lender held a one-on-one meeting with asset management firm WhiteOak Capital on December 16. The company disclosed this development in an exchange filing.

The company’s institutional investor meeting with WhiteOak Capital was held in Mumbai, the exchange filing said.


The private lender has witnessed its shares grow 9.91% over the past month, compared to a 5.06% rise in the Sensex.

The company’s net profit during the quarter ended September grew 3.9% year-over-year (YoY) to Rs 1,384 million, compared to a profit of Rs 1,332 million a year ago. Meanwhile, net sales during the quarter increased 25.8% to Rs 8,649 million, compared to Rs 6,873 million in the previous corresponding period.


For the year ended March, the private lender posted a 3.6% rise in net profit to Rs 5,668 million compared to net profit of Rs 5,474 million in the previous corresponding period. The bank’s revenue jumped 26.2% to Rs 29,275 million during fiscal year 2024.
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CSB Bank shares have fallen 17.8% over the past year and the stock has witnessed declines of 3.89% over the past six months.Also read | 4 reasons why Axis Capital backs Swiggy for Rs 640 stock price

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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