Mukherjea said City Union Bank’s valuations are attractive at 1.1x FY25E P/B. Marcellus said that considering the bank’s stability and strong track record in the management team and its conservatism through multiple cycles in the past, the trend of consistent growth can continue in the future as well.
Reliance Retail Q2 profit takes a hit on Qcomm push
Reliance Retail Ventures reported a significant drop in net profit, down 24.5% year-on-year to ₹2,619 crore in the last quarter. Despite this, revenue improved by