UNION BANK Surges by 5%; BSE BANKEX Index Up 0.4%
March 19, 2019 12:38 PM

UNION BANK share price has zoomed 5% and is presently trading at Rs 88.

Meanwhile, the BSE BANKEX Index is at 33,390 (up 0.4%).

Among the top Gainers in the BSE BANKEX Index today is UNION BANK (up 5.2%).

HDFC BANK (down 0.3%) is among the top loser today.

Over the last one year, UNION BANK has moved down from Rs 96 to Rs 88, registering a loss of Rs 8 (down 8.6%).

On the other hand, the BSE BANKEX has moved up from 27,309 to 33,390, registering a gain of 6,081 points (up 22.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 44.7%), ICICI BANK (up 35.2%) and KOTAK MAHINDRA BANK (up 28.5%).

What About the Benchmark Indices?

The BSE Sensex is at 38,244 (up 0.2%).

The top gainers among the BSE Sensex stocks today are ONGC (up 2.8%), BHARTI AIRTEL (up 2.0%) and SBI (up 1.9%). Other gainers include YES BANK (up 1.4%) and POWER GRID (up 1.3%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 11,502 (up 0.1%). BHARTI INFRATEL (up 3.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,923 to 38,244, registering a gain of 5,321 points (up 15.9%).

UNION BANK Financial Update...

UNION BANK net profit declined 112.3% YoY to Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 12 billion a year ago. Operating income rose 2.6% to Rs 84.8 billion during the period as against Rs 82.6 billion in October-December 2017.

For the year ended March 2018, UNION BANK reported 1010.2% decrease in net profit to Rs 52.1 billion compared to net profit of Rs 5.7 billion during FY17.

Revenue of the company grew 0.4% to Rs 330 billion during FY18.

The current Price to earnings ratio of UNION BANK, based on rolling 12 month earnings, stands at down 4.8x.