UCO Bank is currently trading at Rs. 71.30, up by 1.90 points or 2.74% from its previous closing of Rs. 69.40 on the BSE.
The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 73.90 and Rs. 69.75 respectively. So far 196505 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.20 on 02-Jun-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. 73.90 and Rs. 64.40 respectively. The current market cap of the company is Rs. 4746.05 crore.
The promoters holding in the company stood at 65.19% while Institutions and Non-Institutions held 18.15% and 16.66% respectively.
UCO Bank, Kolkata-based public sector lender, has restricted lending to power, road and real estate sectors and decided to go for selective lending to sectors like iron and steel and textiles to reduce the risk. The bank is also adopting counteractive actions to improve its skewed loan book which has more exposure to large corporates.
During the fourth quarter of last fiscal bank has restructured almost 25% of the total loans extended to state power distribution companies (discoms) amounting to Rs 5,000 crore. The total restructured assets grew to Rs 7,370 crore during the year, from Rs 6,345 crore last year.
UCO Bank has registered 11.92% growth in its net profit to Rs 252.84 crore during the quarter ended March 31, 2012, from Rs 225.90 crore in the same period last year. The total income of the Kolkata-headquartered bank during the fourth quarter under review has increased by 25.47% to Rs 4216.63 crore from Rs 3360.55 crore during the same quarter previous fiscal.
| Company Name | CMP |
|---|---|
| SBI | 905.80 |
| Canara Bank | 128.05 |
| Bank Of Baroda | 296.65 |
| PNB | 137.00 |
| Union Bank Of India | 170.00 |
| View more.. | |
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