UCO Bank rose 1.13% to Rs 26.85 at 9:50 IST on BSE as bargain hunting emerged after a recent slide.
Meanwhile, the S&P BSE Sensex was down 118.91 points, or 0.35% to 33,725.95.On the BSE, 28,000 shares were traded in the counter so far compared with average daily volumes of 1.32 lakh shares in the past one quarter. The stock had hit a high of Rs 26.95 and a low of Rs 26.60 so far during the day. The stock hit a 52-week high of Rs 44.80 on 5 May 2017. The stock hit a 52-week low of Rs 25.20 on 19 February 2018.
The stock had underperformed the market over the past 30 days till 21 February 2018, falling 14.35% compared with 6.35% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.06% as against Sensex's 0.76% rise. The scrip had also underperformed the market in past one year, falling 27.16% as against Sensex's 17.25% rise.
The mid-cap bank has equity capital of Rs 1866.89 crore. Face value per share is Rs 10.
Shares of UCO Bank fell 10.15% in six trading sessions to settle at Rs 26.55 yesterday, 21 February 2018, from its close of Rs 29.55 on 12 February 2018.
Meanwhile, UCO Bank announced after market hours yesterday, 21 February 2018, that it fixed issue price for preferential allotment to the Government of India (GoI) at Rs 31.16 per share. The bank had earlier announced preferential allotment of shares to GoI aggregating to Rs 6507 crore.
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UCO Bank reported net loss of Rs 1016.43 crore in Q3 December 2017 as against net loss of Rs 437.09 crore in Q3 December 2016. Total income declined 23.48% to Rs 3721.93 crore in Q3 December 2017 over Q3 December 2016.
The Government of India held 80.50% stake in UCO Bank as on 31 December 2017 as per the shareholding pattern.
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