UCO Bank

FinMin orders forensic audit of UCO Bank

FinMin orders forensic audit of UCO BankNew Delhi - The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.

"We have ordered a limited forensic audit after complaints were filed with regards to some accounts. Those accounts have turned non-performing," official sources said.

This is the fourth public sector bank where forensic audit is being conducted after alleged cash-for-loan scam came to light with the arrest of Syndicate Bank Chairman and Managing Director S K Jain earlier this month.

Three public-sector lenders hike retail term deposit interest rates

Three public-sector lenders hike retail term deposit interest ratesThree government-run lenders, viz. United Bank of India (UBI), Punjab National Bank (PNB) and UCO Bank, have recently hiked their respective interest rates on domestic term deposits.

UCO Bank to focus on retail and small entrepreneurs

UCO Bank to focus on retail and small entrepreneurs State-run lender UCO Bank has announced that it would slash the size of its corporate portfolio so that it could put more focus on retail and small entrepreneurs.

Arun Kaul, chairman & managing director of UCO Bank, said corporate business hurts the bank more whenever economy suffers slowdown in growth.

UCO Bank's fourth quarter net profit rise just 12 percent

UCO Bank's fourth quarter net profit rise just 12 percentState-run UCO Bank has reported an unimpressive growth of just 12 per cent in its net profit to Rs 253 crore in the fourth quarter mainly due to an increase of 34 per cent in provisions and contingencies.

The bank’s net interest income rose 24 per cent to Rs 1,050 crore in the quarter from the same quarter previous year. During the whole fiscal year 2011-12, net profit rose of the bank increased 22 per cent to Rs 1,109 crore, according to the latest figures released by the bank.

Hold UCO Bank With Target Of Rs 132

Hold UCO Bank With Target Of Rs 132Technical analyst Sanjeev Bhasin has maintained 'hold' rating on UCO Bank Limited stock to attain a target of Rs 130-132.

According to analyst, the stock can achieve the said target within six months.

The stock of the company, on April 27, closed at Rs 116.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 152.35 and a low of Rs 66.05 on BSE.

Intraday Buy Call For UCO Bank

Intraday Buy Call For UCO BankTechnical analyst Anu Jain has maintained 'buy' rating on UCO Bank stock.

The analyst said that the investors can buy the stock above Rs 119 to attain an intraday target of Rs 128.

The shares of the company, on April 05, closed at Rs 117.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 152.35 and a low of Rs 57 on BSE.

Eyeing to swell its attendance in abroad markets, state owned UCO Bank has decided to launch more divisions in the South East Asian region.

Buy UCO Bank With A Target Of Rs 115

Buy UCO Bank With A Target Of Rs 115Technical analyst Puneet Kinra of Bonanza Portfolio maintained 'buy' rating on UCO Bank stock with a target of Rs 115.

According to analyst, the stock can be bought with a stop loss of Rs 103.

The stock of the bank, on Feb 03, closed at Rs 108.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 152.35 and a low of Rs 54.10 on BSE.

Buy UCO Bank With Target Of Rs 119

Buy UCO Bank With Target Of Rs 119Technical analyst Anil Manghnani of Modern Shares and Stockbrokers maintained 'buy' rating on UCO Bank stock with targets of Rs 115 and 119.

According to analyst, the stock can be purchased with a stop loss of Rs 102.

The stock of the bank, on January 20, closed at Rs 108.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 152.35 and a low of Rs 54.10 on BSE.

Sell UCO Bank With Stop Loss Above Rs 117

Sell UCO Bank With Stop Loss Above Rs 117Technical analyst Jatinder Sharma has maintained 'sell' rating on UCO Bank Limited stock with a 2-3 day target of Rs 105.

The analyst said that the stock can be purchased with a stop loss of Rs 117.

Mr. Sharma said that it is better to sell the stock at this time as there are chances of a downfall in the coming days.

After selling the stock, the interested investors can buy the stock again with medium or long term perspective.

The stock of the company, on December 27, closed at Rs 113.25 on the Bombay Stock Exchange (BSE).

Buy UCO Bank With Target Of Rs 140

Buy UCO Bank With Target Of Rs 140Technical analyst SP Tulsian has maintained 'buy' rating on UCO Bank Limited with a target of Rs 135-140.

The analyst said that the said target can be achieved in a period of 35-40 trading sessions.

Today, the stock of the company opened at Rs 118 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 152.35 and a low of Rs 54.10 on BSE.

UCO Bank is eyeing to sell a few of its stressed assets as part of its attempts to augment the quality of its assets.

Sell UCO Bank With Stop Loss Rs 135

Sell UCO Bank With Stop Loss Rs 135Technical analyst Mitesh Thacker has maintained 'sell' rating on UCO Bank stock with a 3-4 day target of Rs 119.

According to analyst, the investors can sell the stock with a stop loss of Rs 135.

Mr. Thacker said that the investors can sell the stock as there are full chances of decline in the coming days.

Today, the stock of the bank opened at Rs 127 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 152.35 and a low of Rs 54.10 on BSE.

Buy UCO Bank For Long Term

Buy UCO Bank For Long TermStock market analyst DD Sharma of Anand Rathi Securities has maintained 'buy' rating on UCO Bank Limited stock for long term.

According to analyst, the investors can buy the stock at current levels for 30-50% returns in a period of 12 months.

The stock of the company, on Oct 06, closed at Rs 127.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 131.25 and a low of Rs 49 on BSE.

Public sector lender UCO Bank has inked a deal with top auto maker, Toyota Kirloskar Motors in order to offer up competent auto loaning facilities to its prospective clients.

Buy UCO Bank With Target Of Rs 81

Buy UCO Bank With Target Of Rs 81Stock market analyst Hitendra Vasudeo has maintained 'buy' rating on UCO Bank Ltd stock to achieve a target of Rs 120 in 1-2 trading sessions.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 108.

The stock of the company, on Sep 03, closed at Rs 117.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 120 and a low of Rs 43.65 on BSE.

UCO Bank sees 33.4% rise in its FY11 net profit

UCO-BankLeading State-run lender, UCO Bank has produced a remarkable performance in the previous year and hoping to continue the same in the coming years as well.

In the shareholders meeting, Executive Director of the bank Mr. Ajai Kumar has informed that the bank is anticipating posting a net profit of 13.5 billion rupees in FY11.

UCO bank expects to have profit of Rs.13.5 billion

UCO-BankState-run bank, UCO Bank said on Monday that it expects to post a net profit of Rs.13 billion during the current financial year. This was said by the Executive Director of the bank, Ajai Kumar, who was talking to the shareholders today.

Ajai said that the net during the year 2009-10 stood at Rs. 10.12 billion.

The things have changed for good and looking at the current trend this time around the profit should be close to Rs. 13 billion. This amount will be supported by a good growth in both credit and deposit side.

Long Term Buy Call For UCO Bank

Long Term Buy Call For UCO BankTechnical Analyst Dilip Bhatt of Prabhudas Lilladher has maintained 'buy' rating on UCO Bank stock with long term target between Rs 110-120.

According to Mr. Bhatt, the investors can achieve the said target in period of 12 months.

Today, the stock of the bank opened at Rs 77.15 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 76.40 and a low of Rs 37.90 on BSE.

According to reports, UCO Bank has put its plan to make entry in Dubai on hold.

The bank took this decision owing to worldwide slump and of the economic crisis in UAE.

UCO Bank’s net profit touches Rs 380 crore

UCO Bank’s net profit touches Rs 380 croreGovernment owned leading bank of the country, UCO Bank has declared its fourth quarter financial results for the fiscal year 2009-10 and has managed to produce a three fold net profit in the quarter reviewed.

The Bank has posted a net profit of Rs 380 crore for the quarter that ended on 31st March, 2010. This net profit figure was at Rs 103 crore for the same quarter in the preceding year. The rise in profit is almost 269% this quarter against last year.

Buy UCO Bank For Long Term

Buy UCO Bank For Long TermStock market analyst Madhumita Ghosh of Unicon Investment Solutions has maintained buy rating on UCO Bank stock to achieve a long term target of Rs 90.

According to analyst, the stock of the bank will hit the said target in a period of 9-12 months.

Today (May 12), the shares of the bank opened at Rs 1550 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1800 and a low of Rs 951 on BSE.

Current EPS & P/E ratio stood at 49.48 and 31.49 respectively.

Intraday Buy Call For UCO Bank

Intraday Buy Call For UCO BankTechnical Analyst Anil Singhvi has maintained 'buy' rating on UCO Bank stock to achieve an intraday target of Rs 74.

According to him, interested traders can purchase the stock with a stop loss of Rs 65.50.

The shares of the bank, on April 28, closed at Rs 102.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 68 and a low of Rs 28.40 on BSE.

Intraday Buy Call For UCO Bank

Intraday Buy Call For UCO BankTechnical Analyst Salil Sharma is bullish on UCO Bank and maintained 'buy' rating on the stock to achieve an intraday target of Rs 69.

According to him, interested traders can purchase the stock with a stop loss of Rs 61.

The shares of the bank, on April 22, closed at Rs 63.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 65 and a low of Rs 28.40 on BSE.




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