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Union Bank of India moves up on reporting over 2-fold jump in Q1 consolidated net profit
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Union Bank of India is currently trading at Rs. 90.33, up by 3.38 points or 3.89% from its previous closing of Rs. 86.95 on the BSE.
The scrip opened at Rs. 89.66 and has touched a high and low of Rs. 91.25 and Rs. 88.91 respectively. So far 2085593 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 96.40 on 14-Dec-2022 and a 52 week low of Rs. 36.60 on 26-Jul-2022.
Last one week high and low of the scrip stood at Rs. 91.25 and Rs. 80.90 respectively. The current market cap of the company is Rs. 61710.93 crore.
The promoters holding in the company stood at 83.49%, while Institutions and Non-Institutions held 9.95% and 6.56% respectively.
Union Bank of India has reported over 2-fold jump in its net profit at Rs 3236.44 crore for first quarter ended June 30, 2023 as compared to Rs 1558.46 crore for the same quarter in the previous year. Total income of the bank increased by 30.44% at Rs 27381.25 crore for Q1FY24 as compared Rs 20991.09 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 3271.65 crore for the quarter ended June 30, 2023 as compared to Rs 1583.10 crore for the same quarter in the previous year. Total income of the bank increased by 31.21% at Rs 27822.29 crore for Q1FY24 as compared Rs 21204.45 crore for the corresponding quarter previous year.
