Union Bank of India Share Price – NSE /  BSE

Banks, Mid Cap

On YoY basis, the domestic deposits rose 2.45% from Rs 11,54,325 crore as on 31 December 2023.

The bank recorded 5.3% growth in domestic advances to Rs 9,12,842 crore as of 31 December 2024 as against Rs 8,66,689 crore as of 31 December 2023 and 2.06% increase from Rs 8,94,404 crore as on 30 September 2024.

Domestic CASA deposits was at Rs 3,95,364 crore during the quarter, registering de-growth of 0.44% year on year (YoY) and 0.23% quarter on quarter (QoQ).

The bank’s total global business as on 31 Decemeber 2024 stood at Rs 21,65,632 crore, up 4.70% YoY and 0.24% QoQ.

Global gross advances gained 5.93% YoY and 2.18% QoQ to Rs 9,49,070 crore as on 31 December 2024.

Global deposits stood at Rs 12,16,562 crore during the period under review (up 3.76% YoY and down 2.04% QoQ).

Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations and other banking operations. The Government of India held 74.76% stake in the bank.

The public lender's standalone net profit jumped 34.41% to Rs 4,719.74 crore on 13.27% increase in total income to Rs 32036.46 crore in Q2 FY25 over Q2 FY24.

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Union Bank of India is up for a third straight session in a row. The stock is quoting at Rs 121.59, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 23760.19921875. The Sensex is at 78588.38, up 0.58%. Union Bank of India has added around 1.55% in last one month.

Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has added around 3.82% in last one month and is currently quoting at 6540.7, up 0% on the day. The volume in the stock stood at 40 lakh shares today, compared to the daily average of 116.84 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 122.07, up 0.95% on the day. Union Bank of India is up 0.57% in last one year as compared to a 9.67% gain in NIFTY and a 14.05% gain in the Nifty PSU Bank index.

The PE of the stock is 6.01 based on TTM earnings ending September 24.

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Union Bank of India is up for a third straight session in a row. The stock is quoting at Rs 118.23, up 1.98% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Union Bank of India has dropped around 2.98% in last one month.

Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has dropped around 0.41% in last one month and is currently quoting at 6758.95, up 0.46% on the day. The volume in the stock stood at 57.73 lakh shares today, compared to the daily average of 96.65 lakh shares in last one month.

The PE of the stock is 5.78 based on TTM earnings ending September 24.

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The key equity indices traded with moderate losses in mid-morning trade. The Nifty traded below the 24,700 level. PSU bank shares extended losses for second consecutive trading session.

At 11:26 IST, the barometer index, the S&P BSE Sensex, declined 245.69 points or 0.30% to 80,905.58. The Nifty 50 index fell 88.65 points or 0.36% to 24,692.45.

In the broader market, the S&P BSE Mid-Cap index dropped 1.24% and the S&P BSE Small-Cap index tumbled 2.17%.

The market breadth was weak. On the BSE, 770 shares rose and 2,994 shares fell. A total of 104 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Deepak Builders & Engineers India received bids for 5,77,59,133 shares as against 89,67,061 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (22 October 2024). The issue was subscribed 6.44 times.

The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 192 to Rs 203 per share. An investor can bid for a minimum of 73 equity shares and in multiples thereof.

The initial public offer (IPO) of Waaree Energies received bids for 10,45,57,221 shares as against 2,10,79,384 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (22 October 2024). The issue was subscribed 4.96 times.

The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 1,427 to Rs 1,503 per share. An investor can bid for a minimum of 9 equity shares and in multiples thereof.

Buzzing Index:

Nifty PSU Bank index declined 1.79% to Rs 6,481.55. The index fell 2.84% in two consecutive trading sessions.

Indian Overseas Bank (down 3.78%), Central Bank of India (down 3.74%), Punjab & Sind Bank (down 3.43%), UCO Bank (down 3.41%) and Bank of Maharashtra (down 3.24%) were the top losers. Among the other losers were Bank of India (down 3.07%), Punjab National Bank (down 2.93%), Bank of Baroda (down 2.07%), Canara Bank (down 2%) and Indian Bank (down 1.9%) declined.

Stock in Spotlight:

Union Bank of India fell 1.07%. The company’s standalone net profit jumped 34.41% to Rs 4,719.74 crore on 13.27% increase in total income to Rs 32036.46 crore in Q2 FY25 over Q2 FY24.

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