Union Bank of India is currently trading at Rs. 130.10, up by 1.85 points or 1.44% from its previous closing of Rs. 128.25 on the BSE.
The scrip opened at Rs. 128.60 and has touched a high and low of Rs. 131.50 and Rs. 127.95 respectively. So far 677917 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 222.45 on 18-Aug-2015 and a 52 week low of Rs. 104.05 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 137.90 and Rs. 124.30 respectively. The current market cap of the company is Rs. 8926.42 crore.
The promoters holding in the company stood at 63.44%, while institutions and non-institutions held 25.18% and 11.38% respectively.
Union Bank of India has reported 67.94% fall in its net profit at Rs 166.32 crore for the quarter ended June 30, 2016 as compared to Rs 518.78 crore for the same quarter in the previous year. However, total income of the bank decreased by 1.40% to Rs 8916.51 crore for the quarter under review from Rs 9043.17 crore for the corresponding quarter of the previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal increased to 10.16%, as compared to 5.53% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 6.16% in Q1FY17.
The Bank has recognized deferred tax assets amounting to Rs. 256.21 crore, in accordance with the applicable Accounting Standards. Accordingly, figures of previous corresponding reporting periods are not comparable.
