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Union Bank of India surges on receiving approval to raise equity capital

31 Jan 2013 Evaluate

Union Bank of India is currently trading at Rs 243.95, up by 2.85 points or 1.18% from its previous closing of Rs 241.10 on the BSE.

The scrip opened at Rs. 242.00 and has touched a high and low of Rs 245.45 and Rs 240.70 respectively. So far 60274 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 288.00 on 02-Jan-2013 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 257.40 and Rs 240.00 respectively. The current market cap of the company is Rs 13273.74 crore.

The promoters holding in the company stood at 54.35% while Institutions and Non-Institutions held 30.87% and 14.78% respectively.

Union Bank of India has received an approval for raising equity capital up to Rs 1,000 crore on preferential/QIP/Rights basis towards capital infusion in addition to Rs 1,500 crore approved in Board Meeting held on December 27, 2012 i.e. total equity infusion of Rs 2,500 crore subject to approval of Government of India/RBI and various regulations and laws related thereto

The board at its meeting held on January 30, 2013 has approved for the same.

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.

Gross non-performing assets (NPAs) of the bank have increased to 3.66% for the quarter as against 3.49% in the previous quarter. Net non-performing assets (NPAs) of the bank were at 2.06%, marginally higher than 2.04% in the previous quarter.

Union Bank Of India Share Price

188.90 0.45 (0.24%)
17-Apr-2026 16:59 View Price Chart
Peers
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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