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.

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

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