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csb bank ltd ipo - brokerage house analyst recommendations
CSB has posted turnaround results in 6MFY20 and has improved its operational and financial performance. We believe the bank should do well with the recent capital raise and its strong risk management frameworks. On the valuation front, at the upper end of the price band, CSB is valued at a 2.31 P/BV and 25.31x P/E. Taking into account huge growth prospects and its comfortable asset quality stock looks attractive for investment. We give "SUBSCRIBE" rating in the stock for listing gains.
Long term - No view currently.
Expected listing price - 265, Max 295.
All the best for all the investors who received shares in IPO.