UNION BANK Share Price Up by 5%; BSE BANKEX Index Up 1.8%

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UNION BANK Share Price Up by 5%; BSE BANKEX Index Up 1.8%
Thu, 16 Sep 02:39 PM

UNION BANK share price has zoomed 5% and is presently trading at Rs 37.

Meanwhile, the BSE BANKEX Index is at 42,927 (up 1.8%).

Among the top Gainers in the BSE BANKEX Index today are UNION BANK (up 5.2%) and INDUSIND BANK (up 7.5%).

Over the last one year, UNION BANK has moved up from Rs 29 to Rs 37, registering a gain of Rs 8 (up 28.1%).

On the other hand, the BSE BANKEX has moved up from 25,107 to 42,927, registering a gain of 17,820 points (up 70.6%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 131.0%), ICICI BANK (up 99.4%) and INDUSIND BANK (up 86.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 59,135 (up 0.7%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 7.5%), ITC (up 7.1%) and SBI (up 3.3%). Other gainers include RELIANCE IND. (up 1.7%) and ICICI BANK (up 1.5%). The most traded stocks in the BSE Sensex are ITC and INDUSIND BANK.

In the meantime, NSE Nifty is at 17,636 (up 0.7%). The top gainers in the NSE Nifty include INDUSIND BANK (up 7.6%), ITC (up 7.1%) and SBI (up 3.9%). Other gainers include RELIANCE IND. (up 2.0%) and ICICI BANK (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,757 to 59,135, registering a gain of 20,378 points (up 52.58%).

UNION BANK Financial Update...

UNION BANK net profit stood at Rs 11 billion for the quarter ended June 2021, compared to a profit of Rs 7 billion a year ago. Operating income rose 0.3% to Rs 172.8 billion during the period as against Rs 172.2 billion in April-June 2020.

For the year ended March 2021, UNION BANK reported 193.0% decrease in net profit to Rs 28.3 billion compared to net profit of Rs 30.4 billion during FY20.

Revenue of the company grew 84.9% to Rs 693 billion during FY21.

The current Price to earnings ratio of UNION BANK, based on rolling 12 month earnings, stands at 6.5x.

What else is happening in the markets today? Dig in...

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