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Union Bank of India – Call Closure
India Infoline Research Team / 15:11 , Aug 19, 2010

Reco price Rs310, Call closure price Rs356
 

We had recommended a Buy on Union Bank of India in a detailed report dated 18th June, 2010 (link provided below) with a target price of Rs360. The stock is currently trading near Rs356 and including the dividend inflow of Rs5.5 (ex-date 24th June), our price objective stands achieved. Total return delivered since recommendation is 16.6%, higher than 13% delivered by the Bankex. We recommend investors to book profit as we see limited near-term upside in the stock.