Union Bank of India gains for third consecutive session

Union Bank of India is quoting at Rs 56.65, up 3.47% on the day as on 12:54 IST on the NSE. The stock is down 29.14% in last one year as compared to a 11.87% spurt in NIFTY and a 13.72% spurt in the Nifty PSU Bank index.

Nov 19, 2019 07:11 IST capital market

Union Bank of India gained for a third straight session today. The stock is quoting at Rs 56.65, up 3.47% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 11921.35. The Sensex is at 40409.34, up 0.31%. Union Bank of India has risen around 7.7% in last one month.

Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has risen around 11.57% in last one month and is currently quoting at 2492.45, up 1.21% on the day. The volume in the stock stood at 87.72 lakh shares today, compared to the daily average of 114.88 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 57.3, up 4.28% on the day. Union Bank of India is down 29.14% in last one year as compared to a 11.87% spurt in NIFTY and a 13.72% spurt in the Nifty PSU Bank index.

The PE of the stock is 0 based on TTM earnings ending September 19.

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