Union Bank of India is currently trading at Rs. 120.30, up by 2.45 points or 2.08% from its previous closing of Rs. 117.85 on the BSE.
The scrip opened at Rs. 118.80 and has touched a high and low of Rs. 122.05 and Rs. 118.10 respectively. So far 563631 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. 97.10 on 29-Aug-2013.
Last one week high and low of the scrip stood at Rs. 120.60 and Rs. 112.05 respectively. The current market cap of the company is Rs. 7230.16 crore.
The promoters holding in the company stood at 57.89% while Institutions and Non-Institutions held 27.92% and 14.20% respectively.
Union Bank of India, one of the largest public sector banks of India, has reportedly purchased 2.47-acre plot from the State Government owned Housing Infrastructure Development Corporation (HIDCO). The 2.47-acre plot is situated at the Financial Hub in New Town, Rajarhat, on the north-eastern fringes of the city. This new plot will have zonal administrative office, regional office, and zonal audit office, among others.
The bank has reported a rise of 9.51% in its net profit at Rs 560.22 crore for first quarter ended June 30, 2013, as compared to Rs 511.59 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 16.04% to Rs 7613.53 crore for the quarter under review as compared to Rs 6561.10 crore for the quarter ended June 30, 2012.
