Buy Union Bank of India, target price Rs 165: Motilal Oswal
Union Bank of India with a target price of Rs 165. The current market price of Union Bank of India is Rs 136.3.
Union Bank of India, incorporated in the year 1919, is a banking company (having a market cap of Rs 103549.86 Crore).
Union Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2024.
Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 31325.47 Crore, down -.91 % from last quarter Total Income of Rs 31611.58 Crore and up 12.59 % from last year same quarter Total Income of Rs 27822.29 Crore. The bank reported net profit after tax of Rs 3641.78 Crore in latest quarter.
Promoter/FII Holdings Promoters held 74.76 per cent stake in the company as of 30-Jun-2024, while FIIs owned 7.37 per cent, DIIs 11.32 per cent.
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