Union bank of India share price
Union bank of India share price
Union Bank of India (UBI) is one of the largest public sector banks in India, with a market capitalization of about Rs. 1.4 trillion as of May 2021. The bank has a long and proud history of almost a century, during which it has grown into one of the most trusted financial institutions in the country. In recent months, however, UBI’s share price has been on a rollercoaster ride, swinging between highs and lows in quick succession. In this blog post, we will take an in-depth look at the Union Bank of India share price and analyse its recent performance to provide investors with an insight into what they can expect going forward.
About Union bank of India
Union Bank of India is a public sector bank with its headquarters in Mumbai. The government of India owns 67.01% of the bank’s shares. The bank has a network of over 5,000 branches and 15,000 ATMs spread across the country. Union Bank offers a wide range of banking products and services to its retail and corporate customers. These include savings and deposits accounts, loans, credit cards, foreign exchange services, and more. The bank also has a strong presence in the digital space with its UPI app and mobile banking offerings.
Union bank of India share price history
Union Bank of India’s shares have a long and storied history, dating back to when the bank was first founded in 1919. The bank’s share price has experienced its ups and downs over the years, but has generally trended upwards since its inception. In recent years, Union Bank of India’s share price has been on the rise, reaching an all-time high in December of 2017. Despite a slight dip in 2018, the bank’s share price has remained strong and is currently trading at around Rs. 80 per share. Union Bank of India is one of the largest banks in India, with a strong presence in both urban and rural areas across the country. The bank offers a wide range of products and services to its customers, including personal and corporate banking, investment banking, and insurance. Union Bank of India is a publicly traded company, listed on both the Bombay Stock Exchange and National Stock Exchange of India
Why invest in Union bank of India?
Investors are always looking for growth potential in the stock market. Union Bank of India, one of the largest banks in India, offers this potential. The bank reported strong earnings for the first quarter of 2020, with a net profit of Rs 1,759 crore. This was an increase of 18.6% over the previous quarter.
The main reason to invest in Union Bank of India is its strong growth potential. The bank has been growing at a healthy pace in recent years and is expected to continue doing so in the future. It is well-positioned to benefit from the growing economy of India. Moreover, it has a strong presence in rural areas, which are expected to see significant growth in the coming years.
Another reason to invest in Union Bank of India is its dividend yield. The bank has consistently paid dividends for many years and currently has a dividend yield of 2%. This is higher than the average dividend yield for banks in India.
Lastly, Union Bank of India is a government-owned bank. This means that it enjoys certain benefits like lower borrowing costs and deposit insurance from the government. These factors make it a relatively safe investment option even during times of economic uncertainty.
How to buy Union bank of India shares
If you are looking to buy Union bank of India shares, there are a few things you need to know. Union bank of India is a public sector bank and one of the largest banks in India. The bank has over 4,000 branches and 55,000 employees. It offers a wide range of banking products and services to its customers.
To buy Union bank of India shares, you will need to open a brokerage account with a broker that offers trading in Indian stocks. You can then place an order to buy the shares through your broker.
When buying Union bank of India shares, you should consider the following:
The share price of Union bank of India is subject to change based on market conditions. You should therefore monitor the share price before placing an order to buy.
Union bank of India pays dividends twice a year. The dividend payout ratio is usually between 30% and 40% of profits. This means that for every Rs 100 profit made by the bank, Rs 30-40 will be paid out as dividends to shareholders. Dividends are typically paid in May and November.
Union bank of India has a strong presence in rural areas and provides banking services to small businesses and farmers. The government is also a major shareholder in the bank and this gives it some degree of stability.
In conclusion, Union Bank of India share price has been one of the most volatile stocks in the Indian stock market. Despite this volatility, UBI’s shares have managed to maintain their value and are a good investment for those looking for short-term gains. It would be wise to keep track of UBI’s financial results as well as any news that affects its performance before investing in it. With proper research and analysis, you can gauge whether or not UBI is a good investment option at any particular time.