UCO Bank zooms on reporting stellar Q2 numbers

UCO Bank is currently trading at Rs. 75.45, up by 4.45 points or 6.27% from its previous closing of Rs. 71.00 on the BSE.

The scrip opened at Rs. 73.00 and has touched a high and low of Rs. 76.40 and Rs. 70.60 respectively. So far 1666983 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 152.35 on 22-Nov-2010 and a 52 week low of Rs. 60.90 on 04-Oct-2011.

Last one week high and low of the scrip stood at Rs. 76.40 and Rs. 65.55 respectively. The current market cap of the company is Rs. 4455.37 crore.

The promoters holding in the company stood at 68.13% while Institutions and Non-Institutions held 14.24% and 17.63% respectively.

UCO Bank has reported results for the second quarter ended September 30, 2011

The bank’s net profit for the second quarter of the current fiscal has grown 93.6% at Rs 230.75 crore as compared to Rs 119.19 crore for the corresponding quarter of the last year. The bank’s total income has surged 25.8% at Rs 3,730.79crore for the quarter under review as compared to Rs 2,964.54 crore for the second quarter of the previous year.

The banks’ gross NPA stood at 3.64% for the quarter ended September 30, 2011 as compared to 2.39% in the quarter ended September 30, 2010. Its net NPA also rose at 2.11% in Q2FY12 as compared to 1.18% in Q2FY11.