New Delhi, May 14 -- City Union Bank's share price extended its winning streak for the third straight day on Wednesday, May 14, gaining another 2% in trade to touch a 28-month high of Rs.195 apiece. The stock last traded at these levels in December 2022. With the steady rise, shares are now approaching their record high of Rs.249.35, last seen in January 2020.

The stock has maintained a consistent upward trend since the beginning of May, as investor sentiment improved following the lender's return to a growth trajectory in the March quarter. This recovery was driven by its ongoing digital transformation efforts, which also prompted brokerages to raise their target multiples, further fueling the rally.

Notably, the stock ended both April...