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UCO Bank Gains 4%; BSE BANKEX Index Up 0.4%
Thu, 18 Jul 10:25

UCO Bank Gains 4%; BSE BANKEX Index Up 0.4%Image source: Ivcandy/www.istockphoto.com

UCO Bank share price has zoomed 4% and is presently trading at Rs 58.2.

Meanwhile, the BSE BANKEX index is at 60,558.6 (up 0.4%).

Among the top gainers in the BSE BANKEX index today are SBI (up 1.3%) and Federal Bank (up 1.0%).

HDFC Bank (down 0.1%) and AU SMALL FINANCE BANK (down 0.1%) are among the top losers today.

Over the last one year, UCO Bank has moved up from Rs 28.4 to Rs 58.2, registering a gain of Rs 29.7 (up 104.5%).

On the other hand, the BSE BANKEX index has moved up from 51,292.0 to 60,558.6, registering a gain of 18.1% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 48.9%), SBI (up 48.5%) and Axis Bank (up 35.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,825.8 (up 0.1%).

The top gainers among the BSE Sensex today are SBI (up 1.3%) and Hindustan Unilever (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,642.0 (up 0.1%). LTIMINDTREE and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,825.8, registering a gain of 14,235.8 points (up 21.4%).

UCO Bank Financial Update...

UCO Bank net profit fell 9.5% YoY to Rs 5,258 million for the quarter ended March 2024, compared to a profit of Rs 5,812 million a year ago. Net sales rose 17.5% to Rs 58,597 million during the period as against Rs 49,874 million in January-March 2023.

For the year ended March 2024, UCO Bank reported 8.5% decrease in net profit to Rs 16,716 million compared to net profit of Rs 18,263 million during FY23. Revenue of the company grew 23.8% to Rs 218,543 million during FY24.

The current Price to earnings ratio of UCO Bank, based on rolling 12 month earnings, stands at 42.0.

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