Mumbai, August 14 – Shares of CSB Bank Ltd., the Thrissur-based private sector lender, continued their downward trend on Thursday, dropping another 8% and marking a third consecutive session of losses.
Market Performance
- Thursday’s early trade saw the stock 6.5% lower at ₹360.
- The decline follows a 5% fall on Wednesday and a 6% drop on Tuesday.
- Overall, the stock has fallen 18% in just three trading sessions.
- This comes after it touched a 52-week high of ₹445.6 on August 5, 2025.
Company Results Impact
The slide in share price comes on the back of June quarter financial results, announced on Wednesday during market hours. Key highlights from the performance include:
- Net Interest Income (NII): Low single-digit growth compared to last year.
- Net Profit: Marginal year-on-year growth.
- Net Interest Margins (NIMs): Dropped 82 basis points from last year, reflecting higher funding costs.
- Asset Quality: Declined sequentially during the quarter.
Trading Volumes Surge
Investor activity has spiked alongside the price fall:
- Tuesday: 6% drop with 9.1 lakh shares traded.
- Wednesday: 5% fall with 16 lakh shares traded.
- Thursday: 9 lakh shares changed hands in just the first hour of trade.
- 20-day average volume: Around 70,000 shares at this time of day.
Summary
The CSB Bank share price has seen a sharp pullback from its recent highs, shedding nearly a fifth of its value within three days. The decline coincides with quarterly results showing pressure on margins and a rise in deposit costs. Heavy trading volumes indicate heightened market activity around the stock.
Easy & quick
Leave A Comment?