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Central Bank of India gained for a third straight session today. The stock is quoting at Rs 30.98, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 23909.75. The Sensex is at 76617.18, up 0.06%. Central Bank of India has slipped around 0.8% in last one month.
Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has slipped around 1.59% in last one month and is currently quoting at 8511.7, up 1.21% on the day. The volume in the stock stood at 60.05 lakh shares today, compared to the daily average of 56.11 lakh shares in last one month.
The PE of the stock is 6.08 based on TTM earnings ending June 26.
PSU bank stocks declined after advancing for two consecutive trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex declined 258.39 points or 0.33% to 77,222.74. The Nifty 50 index fell 55.80 points or 0.24% to 24,149.30.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index shed 0.08% and the BSE 250 SmallCap Index fell 0.02%.
The market breadth was negative. On the BSE, 1,766 shares rose and 2,284 shares fell. A total of 236 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.84% to 11.18. The Nifty 29 September 2026 futures were trading at 24,310, at a premium of 160.7 points as compared with the spot at 24,149.30.
The Nifty option chain for the 29 Spetmber 2026 expiry showed a maximum call OI of 56.4 lakh contracts at the 25,000 strike price. A maximum put OI of 55.5 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty PSU Bank index declined 0.51% to 8,625.65. The index jumped 1.52% in the past two consecutive trading sessions.
Bank of Maharashtra (down 1.34%), UCO Bank (down 0.65%), Central Bank of India (down 0.42%), Canara Bank (down 0.42%), State Bank of India (SBI) (down 0.41%), Bank of Baroda (down 0.33%), Punjab National Bank (down 0.32%), Indian Overseas Bank (down 0.27%), Union Bank of India (down 0.26%) and Bank of India (down 0.24%) declined.
Stocks in Spotlight:
Skipper advanced 2.50% after the company announced that it has secured fresh orders worth Rs 1,305 crore for several domestic and international transmission and distribution (T&D) projects.
Capacite Infraprojects declined 1.59%. The company said that it has received a letter of intent (LOI) amounting to Rs 741 crore from Mahindra Lifespace Developers. The LOI is for undertaking the construction of core and shell work of Mahindra Rainforest at Kanjurmarg and Mahindra Beacon Hill at Mahalaxmi.
ACME Solar Holdings shed 0.94%. The company announced that it has secured Rs 1,571 crore in long-term project funding from India Infrastructure Finance Company (IIFCL) for the construction and development of its 300 MW assured peak power project in Rajasthan.
Net interest income (NII) grew by 15.70% on YoY basis to Rs 3,914 crore in Q1 FY27 as against Rs 3,383 crore in Q1 FY26. Net interest margin (NIM) stood at 3.06% as on 30 June 2026.
Operating profit for Q1 FY27 declined by 5.12% to Rs 2,186 crore from Rs 2304 crore in Q1 FY26.
Provisions declined by 24.05% YoY to Rs 862 crore in the June 2026 quarter. Provision coverage ratio stood at 95.86 as on 30 June 2026.
Accordingly, profit before tax in Q1 FY27 stood at Rs 1,784.45 crore, up by 0.1% from Rs 1,783 crore in Q1 FY26. Total tax outgo the first quarter of FY27 was Rs 461 crore, down 25% YoY.
Gross NPA as on 30 June 2026 was 2.60% as against 3.13% as on 30 June 2025. Net NPA remained unchanged at 0.49% as on 30 June 2026.
Total global business of the bank grew by 18.29% to Rs 833,320 crore in Q1 FY27 from Rs 704,485 crore in Q1 FY26.
Total deposits increased by 11.68% YoY to Rs 478,972 crore in June 2026 quarter. Gross global advances jumped by 28.58% to Rs 354,348 crore in Q1 FY27 from Rs 275,595 crore in Q1 FY26.
CRAR improved to 18.28 %, out of which Tier I is 16.54 % as on 30 June 2026.
Central Bank of India is a public sector bank. The bank is having pan India presence with total 22346 touch points, with 4605 branches, with network of branches in rural & semi urban areas (66.31%) & 1 IFSC Banking Unit, 3820 ATMs and 13890 BC outlets & 30 BC Maxx Centres as on 30 June 2026.
Total global business stood at Rs 8,33,840 crore as of 30 June 2026, registering an 18.36% YoY and 2.63% quarter-on-quarter (QoQ) growth from Rs 7,04,485 crore and Rs 8,12,439 crore, respectively.
CASA deposits increased 11.14% YoY to Rs 2,22,865 crore, compared with Rs 2,00,522 crore a year ago, and rose 0.94% QoQ from Rs 2,20,781 crore.
The bank's CASA ratio eased to 46.61% as of 30 June 2026, from 46.88% as of 30 June 2025 and 47.30% as of 31 March 2026, reflecting a decline of 27 basis points (bps) YoY and 69 bps QoQ.
The bank also reported IBU (Overseas) advances of Rs 473 crore as of 30 June 2026.
Central Bank of India is engaged in providing banking and financial services with a wide range of products and services to individuals, commercial enterprises, large corporations, public bodies, and institutional customers. On a standalone basis, the PSU lender's net profit fell 29.91% to Rs 724.43 crore on a 4.62% increase in total income to Rs 10,810.49 crore in Q4 March 2026 over Q4 March 2025.
Central Bank of India is up for a third straight session today. The stock is quoting at Rs 31.06, up 2.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.25. The Sensex is at 73727.01, up 0.28%. Central Bank of India has slipped around 12.85% in last one month.
Meanwhile, Nifty PSU Bank index of which Central Bank of India is a constituent, has slipped around 3.5% in last one month and is currently quoting at 8199.55, up 3.01% on the day. The volume in the stock stood at 110.26 lakh shares today, compared to the daily average of 179.04 lakh shares in last one month.
The PE of the stock is 6.3 based on TTM earnings ending March 26.