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UCO Bank Gains 4%; BSE BANKEX Index Up 1.0%
Wed, 12 Jun 10:51

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

Meanwhile, the BSE BANKEX index is at 57,204.4 (up 1.0%).

Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 2.1%) and HDFC Bank (up 1.4%).

Over the last one year, UCO Bank has moved up from Rs 26.9 to Rs 58.2, registering a gain of Rs 31.3 (up 116.6%).

On the other hand, the BSE BANKEX index has moved up from 49,827.9 to 57,204.4, registering a gain of 14.8% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Bank of Baroda (up 50.0%), SBI (up 45.7%) and Federal Bank (up 34.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,033.6 (up 0.8%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 1.6%) and HCl Tech. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,421.4 (up 0.7%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 77,033.6, registering a gain of 14,308.9 points (up 22.8%).

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 42.1.

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