Sunday, August 30, 2020

Union Bank of India ( UNIONBANK) | Stock/Share Price Level Outlook

  

Union Bank of India

CMP:31.40


➽ In this article we will discuss recent development in the Share of Union Bank of India in the Stock Market.

Recent Key Strengths

Promoter holding increased more than 2% QoQ

Good quarterly growth in the recent results

Effectively using its capital to generate profit 

RoCE improving in last 2 years

Effectively using Shareholders fund 

Return on equity (ROE) improving since last 2 year

Efficient in managing Assets to generate Profits

Growth in Net Profit with increasing Profit Margin (QoQ)

Company with Zero Promoter Pledge


Recent Weaknesses

Companies with High Debt

Low Piotroski Score : Companies with weak financials

Book Value Per Share deteriorating for last 2 years

Highest fall from 52 Week High

Bharti Infratel Limited |Swing Trade Opportunity | Share/Stock Price Level Outlook

UBI on Technical Chart 


union bank of india share price ubi, finvestonline.com

Union Bank of India fell from the level of 60 very sharply and after consolidation started rising in a sideways move.

In a Short term the stock is in a sideways trend until it crosses and  close above the level of 37 with good volume. 

After the level of  37 the next major resistance is at price of Rs.60 and momentum and trend will also become more strong.

Wait until the stock crosses and closes above the level of 37.


Recent Annual Results

ubi, union bank of india, finvestonline.com

Income from interest is increasing for the 3 previous year.

Provision for NPA is also increasing.

Bank is in loss for the previous 3 years.


Recent NPA Summary

union bank of india share price ubi, finvestonline.com

Gross NPA increased from the previous 3 years.

However, Net NPA is reducing but bank have to take long measures to recover from bad debts. But NPA level is currently very high and negative for the stakeholders.

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Recent Reserves & Surplus

union bank of india share price ubi, finvestonline.com

Bank Reserves & Surplus is increasing for the 3 years.

Bank Increased its Share Capital more than 3 times in 3 year and annually company is making loss this is very negative sign for shareholders and stakeholders.


Thanks for your Precious Time.


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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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