Union Bank Stock: The shares of Union Bank of India, a public sector bank, are seeing a great boom. Public sector bank stocks closed with a jump of more than 5 percent on 18 November 2022. With this boom, the share price of the bank has reached its highest level in 3 years. On Friday, the shares of Union Bank had reached a level of Rs 74.40. At the end of trading, shares of Union Bank of India closed at Rs 73.85. The market cap of Union Bank has also increased. Currently the market cap of the bank is Rs 50475 crore.
There has been a rise of 61 percent in a month
The stock of Union Bank of India has given better returns to the investors in the last one month. The bank’s shares have climbed up to 61 percent in the last 1 month. The shares of the bank were trading at Rs 43.95 on the Bombay Stock Exchange (BSE) on October 17, 2022. On Friday i.e. November 18, the shares of Union Bank closed at the level of 73.85. In the last 5 days, there has been a jump of 15 percent in the shares of the government bank. The shares of the company have been performing well for the last one month.
More than 100 percent jump in 5 months
In the last 5 months, the shares of Union Bank of India have risen up to 108 percent. Shares of the state-owned bank were at the level of Rs 34.25 on June 30, 2022 on BSE. After 5 months, the company’s shares closed at Rs 73.85 on BSE on 18 November 2022. Union Bank stock has given nearly 68 per cent return to its investors till date. In the last 1 year, the shares of the bank have climbed up to 69 percent. This return is much higher than the annual FD rate of Union Bank. Union Bank offers an interest rate of up to 7-8 percent on FDs.
Note: Moneykhabar.in is giving information about the performance of the stock only. This is not investment advice at all. Investing in the stock market is risky, before investing do take research and advice.