UCO Bank is currently trading at Rs. 63.25, up by 1.25 points or 2.02% from its previous closing of Rs. 62.00 on the BSE.
The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 63.80 and Rs. 61.85 respectively. So far 209587 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.85 on 18-Apr-2011 and a 52 week low of Rs. 44.80 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 63.80 and Rs. 56.60 respectively. The current market cap of the company is Rs. 3991.01 crore.
The promoters holding in the company stood at 68.13% while Institutions and Non-Institutions held 13.89% and 17.98% respectively.
UCO Bank has entered into a strategic tie-up with National Collateral Management Services (NCMSL), a major agriculture-infrastructure provider for collateral management and warehousing services. The main objective of this tie-up is to assist industries, traders and farmers in financing their capital requirements at all stages of the supply chain.
The bank will also avail of their premium services such as working capital financing in commodity-based industries, especially agro-based industries.
The National Collateral Management Services is the country's leading organization providing a bouquet of services to manage risks across various stages of commodity and inventory handling under a single umbrella.
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