UCO Bank gains on aiming at growth of 7-10% in current fiscal
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UCO Bank is currently trading at Rs. 13.70, up by 0.18 points or 1.33% from its previous closing of Rs. 13.52 on the BSE.
The scrip opened at Rs. 13.80 and has touched a high and low of Rs. 13.89 and Rs. 13.55 respectively. So far 92603 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.76 on 26-Jun-2020 and a 52 week low of Rs. 10.60 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 14.06 and Rs. 12.61 respectively. The current market cap of the company is Rs. 16164.46 crore.
The promoters holding in the company stood at 94.44%, while Institutions and Non-Institutions held 1.70% and 3.86% respectively.
UCO Bank is aiming at a growth of 7-10 per cent in the current fiscal amid the second round of restructuring guidelines from the regulator due to the second wave of COVID-19 disruptions.
The bank also allotted 203.76 lakh shares to the government at Rs 12.76 per share against Rs 2,600 crore infusion in the bank. The bank board had also approved a further capital raising plan of Rs 3,000 crore in 2021-22.
UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.
