Union Bank of India falls despite reporting 50% rise in Q3 consolidated net profit
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Union Bank Of India is currently trading at Rs. 47.25, down by 0.35 points or 0.74% from its previous closing of Rs. 47.60 on the BSE.
The scrip opened at Rs. 48.00 and has touched a high and low of Rs. 48.50 and Rs. 46.10 respectively. So far 2489362 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 09-Nov-2021 and a 52 week low of Rs. 32.20 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 51.70 and Rs. 46.10 respectively. The current market cap of the company is Rs. 32499.22 crore.
The promoters holding in the company stood at 83.49%, while Institutions and Non-Institutions held 8.21% and 8.30% respectively.
Union Bank of India has reported a rise of 49.33% in its net profit at Rs 1085.40 crore for the quarter ended December 31, 2021 as compared to Rs 726.84 crore for the same quarter in the previous year. However, total income of the bank decreased by 3% at Rs 19453.74 crore for Q3FY22 as compared Rs 20057.45 crore for the corresponding quarter previous year.
On the consolidated basis, the Bank has reported a rise of 49.76% in its net profit at Rs 1077.40 crore for the quarter under review as compared to Rs 719.40 crore for the same quarter in the previous year. However, total income of the bank decreased by 3.48% at Rs 20233.19 crore for Q3FY22 as compared Rs 20963.27 crore for the corresponding quarter previous year
