UCO Bank is currently trading at Rs. 76.60, up by 0.60 points or 0.79% from its previous closing of Rs. 76.00 on the BSE.
The scrip opened at Rs. 76.90 and has touched a high and low of Rs. 77.00 and Rs. 76.20 respectively. So far 43,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.10 on 04-Jul-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. 79.45 and Rs. 71.30 respectively. The current market cap of the company is Rs. 5,091.00 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, in bid to have deeper penetration and wide presence is eyeing to take the number of branches to 2,500 by March 2013 from 2,394 branches a year ago. The bank has also opened five new asset management branches at Bhubaneswar, Bhopal, Chandigarh, Lucknow and Patna.
On the lending front, the bank is focusing on lending to retail, SME and farm sectors. The bank’s focus on these sectors is due to capital-to-risk weightage which is lower in these categories. Besides, to adhere to its growth targets in the next five years, the bank will need a capital inflow of Rs 14,000 crore, as per Basel III standards. The bank was considering various possibilities to tap funds for the same.
On the advance front, corporate segment contributes 60% of its advances with only 8.5% coming from retail front. By March 2012, the bank's domestic advances have registered a 15.65% growth to touch Rs 1,07,840 crore compared to Rs 93,246 crore in the previous year. The growth in domestic deposits was 4.11% at Rs 1,42,017 crore in March 2012, compared to Rs 1,36,414 crore a year back.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
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