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UCO Bank Gains 3%; BSE BANKEX Index Down 0.1%
Mon, 21 Oct 9:47

UCO Bank Gains 3%; BSE BANKEX Index Down 0.1%Image source: DNY59/www.istockphoto.com

UCO Bank share price has zoomed 3% and is presently trading at Rs 47.0.

Meanwhile, the BSE BANKEX index is at 59,279.9 (down 0.1%).

Among the top gainers in the BSE BANKEX index today are HDFC Bank (up 2.8%) and Axis Bank (up 0.3%).

Kotak Bank (down 4.3%) and Indusind Bank (down 2.2%) are among the top losers today.

Over the last one year, UCO Bank has moved up from Rs 41.1 to Rs 47.0, registering a gain of Rs 5.9 (up 14.3%).

On the other hand, the BSE BANKEX index has moved up from 49,954.6 to 59,279.9, registering a gain of 18.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 41.7%), ICICI Bank (up 31.8%) and Federal Bank (up 31.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,121.6 (down 0.1%).

The top losers among the BSE Sensex today are Kotak Bank (down 4.3%) and Indusind Bank (down 2.2%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,772.3 (down 0.3%). Tata Consumer Products and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,428.1 to 81,121.6, registering a gain of 14,693.6 points (up 22.1%).

UCO Bank Financial Update...

UCO Bank net profit grew 50.1% YoY to Rs 6,027 million for the quarter ended September 2024, compared to a profit of Rs 4,017 million a year ago. Net sales rose 16.5% to Rs 60,784 million during the period as against Rs 52,188 million in July-September 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 25.8.

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