UNITED BANK OF INDIA Plunges by 5%; BSE BANKEX Index Up 0.3%

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UNITED BANK OF INDIA Plunges by 5%; BSE BANKEX Index Up 0.3%
Wed, 20 Nov 03:30 PM

UNITED BANK OF INDIA share price has plunged 5% and is presently trading at Rs 10.

Meanwhile, the BSE BANKEX Index is at 35,578 (up 0.3%).

Among the top losers in the BSE BANKEX Index today is UNITED BANK OF INDIA (down 5.1%).

INDUSIND BANK (up 5.4%) and YES BANK (up 2.7%) are among the top gainers today.

Over the last one year, UNITED BANK OF INDIA has moved down from Rs 11 to Rs 10, registering a loss of Rs 1 (down 12.6%)..

The BSE BANKEX has moved up from 29,603 to 35,578, registering a gain of 5,975 points (up 20.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 36.5%), KOTAK MAHINDRA BANK (up 36.0%) and CITY UNION BANK (up 29.3%).

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

What About the Benchmark Indices?

The BSE Sensex is at 40,816 (up 0.4%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 5.4%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 12,039 (up 0.4%). ZEE ENTERTAINMENT (up 7.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,816, registering a gain of 5,041 points (up 13.6%).

UNITED BANK OF INDIA Financial Update...

UNITED BANK OF INDIA net profit declined 110.9% YoY to Rs 1 billion for the quarter ended September 2019, compared to a loss of Rs 11 billion a year ago. Operating income rose 18.0% to Rs 24.4 billion during the period as against Rs 20.7 billion in July-September 2018.

For the year ended March 2019, UNITED BANK OF INDIA reported 59.2% increase in net profit to Rs 23.2 billion compared to net profit of Rs 14.5 billion during FY18.

Revenue of the company grew 2.6% to Rs 86 billion during FY19.

The current Price to earnings ratio of UNITED BANK OF INDIA, based on rolling 12 month earnings, stands at down 8.4x.



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