UCO Bank finally settled at Rs 32.65, up over 5%. The stock clocked a volume of 4.22 million shares throughout the day on the BSE.
Updated at 1514hrs
UCO Bank opened at Rs 32.10 and soon slipped to a low of Rs 31.25. After the announcement of its Q4 results, the stock surged to a high of Rs 33.50.
The stock is curently trading at Rs 32.70, up over 5%. The counter saw heavy volumes of around 3.76 million on the BSE so far.
The Bank has informed BSE through a release today that the net profit has increased 19% to Rs 102.56 crore in the quarter ended March 31,2009 from Rs 85.99 crore in teh corresponding quarter a year ago.
The total income of the bank went up by 23% to Rs 2,520.62 crore in Q4FY09 as against Rs 2,053.29 crore in Q4FY08.
