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Union Bank of India Stock Analysis | Know Buy price and Targets

Union Bank of India Stock Analysis

Union Bank of India is engaged in the Business of Banking Services, Government Business,Merchant Banking, Agency Business Insurance, Mutual Funds,Wealth Management etc. The company was founded on 11 November 1919 and is headquartered in Mumbai.

Current Price ₹ 33.6Market Cap ₹ 21,175 Cr.Dividend Yield –
High / Low ₹ 52.4 / 22.6Book Value ₹ 52.9ROE -10.3 %
Stock P/E 15.2ROCE 4.23 %Face Value ₹ 10.0
Union Bank of India Stock Analysis

A Breakout trade in Union Bank of India, Stock is in uptrend and looking good to buy at CMP.

Buy UNIONBANK around Rs . 33 – 34 for the Targets of Rs .37 and 40.

Stoploss Rs .31.

Expected profit 20%

Trade Close | All Targets Achieved.

Hodling period should be more than 15 Days..

CMP- 33.60 | Support- 31 | Resistance- 40 | Trend UP↑


Technical Analysis

MOVING AVERAGESIndication
Simple Moving Average (9)Bullish
Simple Moving Average (18)Bullish
Simple Moving Average (25)Bullish
Simple Moving Average (43)Bullish
Simple Moving Average (100)Bullish
Simple Moving Average (200)Bullish
OSCILLATORSIndication
Commodity Channel Index (20)Overbought
Williamson%R(14) Overbought
MACD(12,26,9) Bullish
Relative Strength Index (14)Bullish
MFI(14) Bullish
Stochastic(20,3) Overbought
 PIVOT LEVELSR1R2R3PPS1S2S3
Classic33.9034.7535.4033.2532.4031.7530.90
Fibonacci33.8234.1834.7533.2532.6832.3231.75
Camarilla33.1933.3233.4633.2532.9132.7832.64
Strengths
Rising Net Cash Flow and Cash from Operating activity
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Zero Promoter Pledge
Weaknesses
MFs decreased their shareholding last quarter
Declining Revenue every quarter for the past 2 quarters
Companies with High Debt
Daily Trend – Bullish 
Weekly Trend – Bullish 
Monthly Trend – Bullish 

Also Read | Sacheta Metals Stock Analysis

Profile:- Union Bank of India

Sector:- Finance

Industry:- Major Banks

Employees:-  20,341 (2020)

Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc. The company was founded on 11 November 1919 and is headquartered in Mumbai.


Quarterly Results Standalone

Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
Revenue8,3878,9609,4689,6889,36318,55617,91317,220
Interest5,7606,3926,5126,4996,43412,03111,49610,506
Expenses +8,1803,2965,8543,9236,0007,9778,71810,465
Financing Profit-5,553-727-2,898-735-3,071-1,452-2,300-3,750
Financing Margin %-66%-8%-31%-8%-33%-8%-13%-22%
Other Income1,5341,0941,2851,297-3971,9312,8993,788
Depreciation00000000
Profit before tax-4,020366-1,613563-3,46847959938
Tax %17%39%26%2%24%31%13%-1,756%
Net Profit-3,331230-1,192554-2,713341534719
EPS in Rs-18.901.31-6.761.62-7.930.530.831.12
Gross NPA %
Net NPA %

Share Holding Pattern in (%)

Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020
Promoters +74.2774.2774.2786.7586.7589.0789.0789.07
FIIs +3.152.932.841.381.290.830.660.66
DIIs +13.1513.1013.246.446.375.024.784.58
Government +0.000.000.000.000.000.000.000.00
Public +9.429.709.655.435.595.085.495.69

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(*Note:- The recommendation are based on technical analysis. There is a risk of loss.)

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