Union Bank of India is currently trading at Rs. 255.75, up by 4.05 points or 1.61 % from its previous closing of Rs. 251.70 on the BSE.
The scrip opened at Rs. 255.90 and has touched a high and low of Rs. 256.95 and Rs. 252.50 respectively. So far 61101 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.85 on 22-Feb-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. 256.95 and Rs. 229.90 respectively. The current market cap of the company is Rs. 14080.29 crore.
The promoters holding in the company stood at 54.35% while Institutions and Non-Institutions held 30.17% and 15.48% respectively.
State-run, Union Bank of India (UBI) has applied for and is expecting about Rs 9ore50-1000 cr as capital infusion during the current fiscal which is part of recapitalization plan of the government. With this infusion, the TIER I capital of the bank will go up, which was 8.17% as on September 2012. The capital infusion will help the bank to enhance lending to productive sectors. UBI has got capital support of Rs 280 crore in the last fiscal.
In the current fiscal, the government has made budget provision of Rs 15,000 crore for recapitalization of public sector banks. The government pumped Rs 20,157 crore in public sector banks in 2010-11, in order to maintain TIER I capital at 8% and increase the government equity in some banks to 58%.
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.
| 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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