Union Bank of India is currently trading at Rs. 201.80, up by 1.45 points or 0.72% from its previous closing of Rs. 200.35 on the BSE.
The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 202.00 and Rs. 199.85 respectively. So far 9963 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 320.20 on 15-Jul-2011 and a 52 week low of Rs. 155.50 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 208.00 and Rs. 194.85 respectively. The current market cap of the company is Rs. 11055.02 crore.
The promoters holding in the company stood at 54.35% while Institutions and Non-Institutions held 28.49% and 17.16% respectively.
Union Bank of India’s wholly owned London subsidiary, UBI UK is expected to be operational by March 2013. It has already received Reserve Bank of India’s approval and is waiting for the local regulator’s approval.
At present bank has a representative office in London. Banks usually choose to upgrade their representative offices into full-fledged branches but the regulatory authority in London prefers the subsidiary channel over the branch route, as the capital requirement is higher.
The bank will be investing nearly about $200 million which can be infused in 2-3 phases as and when the business starts growing. Apart from the capital, the bank will also have to induct a local board in the company.
The bank posted a contraction of 66% in its net profit of Rs 197.00 crore for the quarter ended December 31, 2011 as compared to Rs 579.57 crore for the quarter ended December 31, 2010. The bank’s total income has increased by 27.14% to Rs 5966.82 crore for the quarter ended December 31, 2011 as compared to Rs 4693.06 crore for the corresponding quarter of the previous fiscal.
| Company Name | CMP |
|---|---|
| SBI | 812.50 |
| Bank Of Baroda | 240.30 |
| Canara Bank | 99.65 |
| PNB | 100.70 |
| Union Bank Of India | 116.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
