UNITED BANK OF INDIA Surges by 7%; BSE BANKEX Index Up 0.2%
July 4, 2019 09:20 AM

UNITED BANK OF INDIA share price has zoomed 7% and is presently trading at Rs 11.

Meanwhile, the BSE BANKEX Index is at 35,275 (up 0.2%).

Among the top Gainers in the BSE BANKEX Index today is UNITED BANK OF INDIA (up 7.1%).

CITY UNION BANK (down 1.0%) is among the top loser today.

Over the last one year, UNITED BANK OF INDIA has moved down from Rs 11 to Rs 11, registering a loss of Rs 0 (down 1.3%).

On the other hand, the BSE BANKEX has moved up from 29,125 to 35,275, registering a gain of 6,150 points (up 21.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 59.8%), AXIS BANK (up 57.9%) and SBI (up 42.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,918 (up 0.2%).

The top gainers among the BSE Sensex stocks today are COAL INDIA (up 1.0%), ASIAN PAINTS (up 0.9%) and INFOSYS (up 0.9%). Other gainers include VEDANTA LTD (up 0.8%) and SUN PHARMA (up 0.7%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and COAL INDIA.

In the meantime, NSE Nifty is at 11,942 (up 0.2%). INDIABULLS HOU. FIN. (up 2.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,379 to 39,918, registering a gain of 4,539 points (up 12.8%).

UNITED BANK OF INDIA Financial Update...

UNITED BANK OF INDIA net profit declined 108.4% YoY to Rs 952 million for the quarter ended March 2019, compared to a loss of Rs 11 billion a year ago. Operating income rose 7.0% to Rs 22.1 billion during the period as against Rs 20.7 billion in January-March 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 3.5x.