Union Bank of India surges on getting nod to raise up to Rs 1,500 crore in 2012-13

24 Dec 2012 Evaluate

Union Bank of India is currently trading at Rs 264.55, up by 1.65 points or 0.63% from its previous closing of Rs 262.90 on the BSE.

The scrip opened at Rs 265.00 and has touched a high and low of Rs 265.85 and Rs 261.40 respectively. So far 33410 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 278.00 on 19-Dec-2012 and a 52 week low of Rs 150.10 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 278.00 and Rs 261.60 respectively. The current market cap of the company is Rs 14479.44 crore.

The promoters holding in the company stood at 54.35% while Institutions and Non-Institutions held 30.17% and 15.48% respectively.

Union Bank of India has received an approval for raising additional capital funds not exceeding Rs 1,500 crore during the year 2012-13 by way of issue of Tier I and Tier II capital bonds as per eligibility. The board at its meeting held on December 22, 2012 has approved for the same.

The bank has posted a rise of 57.31% in its net profit at Rs 554.56 crore for the quarter ended September 30, 2012 as compared to Rs 352.52 crore for the same quarter in the previous year. Total income has increased by 18.61% at Rs 6655.66 crore for quarter under review as compared to Rs 5611.37 crore for the quarter ended September 30, 2011.

Union Bank Of India Share Price

117.90 1.30 (1.11%)
23-Dec-2024 11:25 View Price Chart
Peers
Company Name CMP
SBI 822.50
Bank Of Baroda 245.05
Canara Bank 101.10
PNB 102.00
Union Bank Of India 117.90
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