UCO Bank shares shoot 10.67 percent
Bangalore: UCO Bank ended the trading as one of the top gainers with a gain of 
5.30 or 10.67 percent (provisional). The market of UCO Bank opened on slightly higher value to its previous close of 49.65 and in the afternoon trade it managed to gain the momentum and touched the 52-week high OF 55.60. During the day, the stock has touched a low of 48.80. In all 5,620,886 shares were traded throughout the day with a current P/E of the stock at 5.29. With 170,779 units of shares, 'HDFC Arbitrage Fund - Wholesale Plan' holds the highest number of shares in UCO Bank. The 52 week stock price chart is on the left.
UCO Bank is an India-based commercial bank. The bank also operates in two international financial centers, Hong Kong and Singapore. The bank's business segments include treasury operations, corporate/wholesale banking, retail banking and other banking operations. It has approximately 2000 service units spread all over India. It undertakes foreign exchange business in more than 50 centers in India. The bank also has foreign exchange dealing operations at four centers. During the fiscal ended March 31, 2009, the bank opened 108 branches, including eight branches, which were the upgradation of existing extension counters into full-fledged branches. The bank posted a net profit of 34.03 percent in the first quarter of 2009-10 touching 178.85 crore as compared to the same period in the last fiscal. The operating profit of the bank grew 36.10 percent at 310.27 crore during the quarter, over the previous corresponding quarter.
Other banks have also performed well and ended the trading in green zone. Bank of India went up by 0.89 percent, Punjab National Bank surged 1.36 percent, IDBI Bank shoots 1.98 percent, HDFC bank soars 3.39 percent and Dena Bank by 8.06 percent
5.30 or 10.67 percent (provisional). The market of UCO Bank opened on slightly higher value to its previous close of 49.65 and in the afternoon trade it managed to gain the momentum and touched the 52-week high OF 55.60. During the day, the stock has touched a low of 48.80. In all 5,620,886 shares were traded throughout the day with a current P/E of the stock at 5.29. With 170,779 units of shares, 'HDFC Arbitrage Fund - Wholesale Plan' holds the highest number of shares in UCO Bank. The 52 week stock price chart is on the left.
UCO Bank is an India-based commercial bank. The bank also operates in two international financial centers, Hong Kong and Singapore. The bank's business segments include treasury operations, corporate/wholesale banking, retail banking and other banking operations. It has approximately 2000 service units spread all over India. It undertakes foreign exchange business in more than 50 centers in India. The bank also has foreign exchange dealing operations at four centers. During the fiscal ended March 31, 2009, the bank opened 108 branches, including eight branches, which were the upgradation of existing extension counters into full-fledged branches. The bank posted a net profit of 34.03 percent in the first quarter of 2009-10 touching 178.85 crore as compared to the same period in the last fiscal. The operating profit of the bank grew 36.10 percent at 310.27 crore during the quarter, over the previous corresponding quarter.
Other banks have also performed well and ended the trading in green zone. Bank of India went up by 0.89 percent, Punjab National Bank surged 1.36 percent, IDBI Bank shoots 1.98 percent, HDFC bank soars 3.39 percent and Dena Bank by 8.06 percent