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HomeSHARE MARKET₹135 Share Released Q1 Business Update; Rs 10,000 Crore Fundraising Approval Last...

₹135 Share Released Q1 Business Update; Rs 10,000 Crore Fundraising Approval Last Month

Union Bank of India ( NSE: UNIONBANK) has released its business update for the quarter (Q1) that ended June 2024. The bank says that it has registered a growth of 0.22 percent in its total deposits as compared to the previous quarter, which stood at Rs 12.24 lakh crore. 

It is 8.52 percent more than in the first quarter of the previous fiscal year. Union Bank of India’s global gross advances have increased by 0.8 percent to Rs 9.12 lakh crore as compared to the previous quarter. It has risen by 11.46 % when compared with the same period last year.

Meanwhile, deposits in the bank’s Current Account Savings Account (CASA) stood at Rs 3.99 lakh crore, which is 2.59 percent less than the previous quarter. It is 3.76 % more than in the first quarter of the year.

Approval To Raise Funds To The Amount Of 10,000 Crore Rupees

Last month, the company said that its board of directors has given the green signal to a plan to raise funds to Rs 10,000 crore. This includes raising equity capital of Rs 6,000 crore through various means such as public issues, rights issues, private placement, and preferential allotment.

Stock Performance

On Friday, Union Bank of India’s stock closed at Rs 135.95 with a gain of 0.015 percent. The stock has seen a growth of 70.58 percent in the last year.

Union Bank of India Stock Performance

Current Price₹ 136
52-wk High₹ 172 
52-wk Low₹ 79.8
5 Days Return0.26%
1 Month Return-7.17%

Key Fundamentals Parameters

Market Cap₹ 1,03,611 Cr.
Stock P/E7.51
Book Value₹ 128
Dividend2.65 %
ROCE6.55 %
ROE15.6 %
Face Value₹ 10.0
P/B Value1.06
OPM67.7 %
EPS₹ 18.1
Debt₹ 12,51,568 Cr.
Debt to Equity12.8

Union Bank of India Shareholding Pattern

Promoters Holding
Mar 202383.49%
June 202383.49%
Sept 202376.99%
Dec 202376.99%
Mar 202474.76%
FII Holding
Mar 20231.66%
Jun 20231.46%
Sep 20232.89%
Dec 20233.97%
Mar 20246.75%
DII Holding
Mar 20238.27%
Jun 20237.88%
Sep 202312.69%
Dec 202312.28%
Mar 202412.24%
Hot Stocks Alert Join
Public Holding
Mar 20236.57%
Jun 20237.17%
Sep 20237.42%
Dec 20236.76%
Mar 20246.25%

Union Bank of India Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 37,479 Cr
2021₹ 69,311 Cr
2022₹ 68,230 Cr
2023₹ 81,163 Cr
2024₹ 100,376 Cr

Last 5 Years’ Net Profit:

2020₹ -3,121 Cr
2021₹ 2,863 Cr
2022₹ 5,265 Cr
2023₹ 8,512 Cr
2024₹ 13,797 Cr

Conclusion

This article provides a detail guide about Union Bank of India share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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