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Union Bank of India extends losing streak

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Capital Market
Last Updated : Aug 10 2021 | 2:04 PM IST

Union Bank of India is quoting at Rs 35.2, down 1.26% on the day as on 13:24 IST on the NSE. The stock jumped 16.31% in last one year as compared to a 44.24% rally in NIFTY and a 65.14% spurt in the Nifty PSU Bank index.

Union Bank of India dropped for a fifth straight session today. The stock is quoting at Rs 35.2, down 1.26% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 16331.7. The Sensex is at 54706.06, up 0.56%.Union Bank of India has lost around 4.61% in last one month.Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has eased around 3.93% in last one month and is currently quoting at 2404.9, down 1.2% on the day. The volume in the stock stood at 48.29 lakh shares today, compared to the daily average of 101.34 lakh shares in last one month.

The PE of the stock is 6.49 based on TTM earnings ending June 21.

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First Published: Aug 10 2021 | 1:35 PM IST

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