Union Bank of India jumps on reporting 10% rise in Q1 net profit

30 Jul 2012 Evaluate

Union Bank of India is currently trading at Rs. 169.65, up by 5.60 points or 3.41% from its previous closing of Rs. 164.05 on the BSE.

The scrip opened at Rs. 165.00 and has touched a high and low of Rs. 170.20 and Rs. 164.50 respectively. So far 2, 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.65 on 01-Aug-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. 191.90 and Rs. 162.10 respectively. The current market cap of the company is Rs. 9,340 crore.

The promoters holding in the company stood at 54.35% while Institutions and Non-Institutions held 29.07% and 16.58% respectively.

On standalone basis, the bank has posted a rise of 10.16% in its net profit at Rs 511.59 crore for the quarter ended June 30, 2012 as compared to Rs 464.42 crore for the same quarter in the previous year. Total income of the bank has increased by 21.51% to Rs 6561.10 crore for quarter under review as compared to Rs 5399.68 crore for the quarter ended June 30, 2011.

Gross non-performing assets (NPAs) rose to 3.76% in the April-June quarter as against 2.57% in the same quarter previous year, while net NPAs increased to 2.20%.

Union Bank Of India Share Price

116.60 -4.55 (-3.76%)
20-Dec-2024 16:59 View Price Chart
Peers
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..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.