UNION BANK Plunges by 5%; BSE BANKEX Index Up 0.2%

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UNION BANK Plunges by 5%; BSE BANKEX Index Up 0.2%
Mon, 21 Jan 03:10 PM

UNION BANK share price has plunged 5% and is presently trading at Rs 93.

Meanwhile, the BSE BANKEX Index is at 30,886 (up 0.2%).

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

KOTAK MAH. BANK (up 2.2%) and HDFC BANK (up 0.9%) are among the top gainers today.

Over the last one year, UNION BANK has moved down from Rs 138 to Rs 93, registering a loss of Rs 44 (down 32.2%)..

The BSE BANKEX has moved up from 30,017 to 30,886, registering a gain of 869 points (up 2.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 20.9%), AXIS BANK (up 13.1%) and HDFC BANK (up 11.3%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 36,701 (up 0.7%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.3%). The most traded stocks in the BSE Sensex are SUN PHARMA and RELIANCE IND..

In the meantime, NSE Nifty is at 10,987 (up 0.6%). RELIANCE IND. (up 4.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,260 to 36,701, registering a gain of 1,441 points (up 3.9%).

UNION BANK Financial Update...

UNION BANK net profit declined 111.1% YoY to Rs 1 billion for the quarter ended September 2018, compared to a loss of Rs 12 billion a year ago. Operating income rose 3.4% to Rs 85.4 billion during the period as against Rs 82.6 billion in July-September 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 2.9x.



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