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There are several reasons for surging banking index including strong credit growth, relatively lower valuations and commendable work on asset quality front.

Nifty PSU Bank rises in 4th straight session, Indian Overseas Bank leads stock rally

Triveni Turbine also saw a breakout of downward sloping resistance trendline and formed long bullish candlestick pattern with upper and lower shadows on the daily charts.

Trade Spotlight | How you should deal in UCO Bank, Triveni Turbine, ICICI Prudential Life

UCO Bank is up for a third straight session today. The stock is quoting at Rs 39.8, up 7.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 20154. The Sensex is at 67679.83, up 0.24%. UCO Bank has gained around 30.92% in last one month. Meanwhile, Nifty Pharma index of which UCO Bank is a constituent, has gained around 11.26% in last one month and is currently quoting at 5019.65, up 0.38% on the day. The volume in the stock stood at 1209.22 lakh shares today, compared to the daily average of 288.23 lakh shares in last one month.The PE of the stock is 22.57 based on TTM earnings ending June 23.

UCO Bank gains for third consecutive session

Strides Pharma Science Ltd, Restaurant Brands Asia Ltd, Astra Microwave Products Ltd and Mahanagar Telephone Nigam Ltd are among the other gainers in the BSEs A group today, 15 September 2023.UCO Bank spiked 9.45% to Rs 40.52 at 11:44 IST. The stock was the biggest gainer in the BSEs A group. On the BSE, 68.94 lakh shares were traded on the counter so far as against the average daily volumes of 34.7 lakh shares in the past one month.  Strides Pharma Science Ltd soared 8.89% to Rs 510.1.  The stock was the  second biggest gainer in A group. On the BSE, 2.88 lakh shares were traded on the counter so far as against the average daily volumes of 28502 shares in the past one month.  Restaurant Brands Asia Ltd surged 7.79% to Rs 130.1.  The stock was the  third biggest gainer in A group. On the BSE, 31.64 lakh shares were traded on the counter so far as against the average daily volumes of 1.33 lakh shares in the past one month.  Astra Microwave Products Ltd added 7.46% to Rs 427.25.  The stock was the  fourth biggest gainer in A group. On the BSE, 48356 shares were traded on the counter so far as against the average daily volumes of 59756 shares in the past one month.  Mahanagar Telephone Nigam Ltd jumped 7.35% to Rs 27.45.  The stock was the  fifth biggest gainer in A group. On the BSE, 14.05 lakh shares were traded on the counter so far as against the average daily volumes of 12.74 lakh shares in the past one month.  

UCO Bank leads gainers in 'A' group

UCO Bank rose for a third straight session today. The stock is quoting at Rs 35.8, up 1.99% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 19947.45. The Sensex is at 66971.86, up 0.56%. UCO Bank has risen around 21.98% in last one month. Meanwhile, Nifty Pharma index of which UCO Bank is a constituent, has risen around 6.43% in last one month and is currently quoting at 4706.4, up 2.3% on the day. The volume in the stock stood at 172.4 lakh shares today, compared to the daily average of 257.89 lakh shares in last one month.The PE of the stock is 21.39 based on TTM earnings ending June 23.

UCO Bank gains for third straight session

On September 8, the public sector lender announced in an increase in lending rates by 5 basis points across tenures

UCO Bank's stock rises on hike in lending rates

UCO Bank has revised the Marginal Cost of Fund-Based Lending Rate (MCLR) and Treasury Bill Linked Lending Rates (TBLR) as detailed hereunder :Overnight MCLR 7.95% One month MCLR 8.15%Three month MCLR 8.30%Six month MCLR 8.55%One year MCLR 8.70%Other benchmark rates:TBLR (3 month)6.80%TBLR (6 month)6.95%TBLR (6 month)7.00%Repo Linked Rate – UCO Float (w.e.f. 15 March 2023) 9.30%Base Rate 9.60%BPLR 14.25%. The revised MCLR and TBLR is effective from 10 September 2023. Other Benchmark rates viz. Repo Linked rate, Base Rate and BPLR remain unchanged. 

UCO Bank revises MCLR and TBLR 

UCO Bank rose for a third straight session today. The stock is quoting at Rs 34.05, up 3.5% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.05% on the day, quoting at 19539.3. The Sensex is at 65663.62, up 0.05%. UCO Bank has gained around 25.41% in last one month. Meanwhile, Nifty Pharma index of which UCO Bank is a constituent, has gained around 5.93% in last one month and is currently quoting at 4648.8, up 0.09% on the day. The volume in the stock stood at 469.65 lakh shares today, compared to the daily average of 221.16 lakh shares in last one month.The PE of the stock is 20.07 based on TTM earnings ending June 23.

UCO Bank rises for third consecutive session

A decisive move below 19,000 is likely to drag Nifty down to another lower support of 18,500 levels.

MC Interview | Market trend remains weak, Nifty likely to break 19,000 in near term, says this technical chartist

A section of analysts predict that the banking sector will experience a reduction in net profit margins in FY24.

After a strong rally, mutual funds pare holdings in Indian banks in June quarter

UCO Bank engages in the provision of banking services. It offers personal banking, corporate banking, international banking, rural banking, and other related services to its customers. The company was founded by Ghanshyam Das Birla on January 6, 1943 and is headquartered in Kolkata, India.

Watchers	234
52-Wk Low	11.55
52-Wk High	48.45

Market Cap	520.68B
Volume (M)	34.97M
52-Wk High	48.45
52-Wk Low	11.55

Current Price	43.55
Prev Close	43.00
Open	43.50
Dividend Yield	0.00%
50-Day Moving Average	33.30
Beta	0.11
Avg. Volume	19.71M
PE Ratio	26.83

52-Week High	48.45
52-Week Low	11.55
Market Capitalization	520.68B
EPS	1.62
Price to Book	2.02
Revenue Per Employee	10.24M
Enterprise Value/EBITDA	N/A

UCOBANK.NSE UCO Bank

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