Public sector bank UCO Bank has been growing rapidly for the past few days and bringing profits to its stockholders. The face value of this company’s share is Rs.10 while the market value is Rs.36.94 crores. The P/E ratio stands at 30.60. Currently, the share price of this bank is Rs.30.80. UCO Bank stock touched a 52-week high of Rs 38.15. Also, the lowest level was recorded as Rs.10.55. Trading above all moving averages. Investors are focusing on this company’s stock.
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190 percent returns in six months..
Last year 2022, on July 25, this stock price was Rs.11.30. Now Rs. It is trading at 30.80. It has given returns of more than 190 percent in the last six months. That means if you had invested 1 lakh in this six months ago, it would have become almost 3 lakhs today. That means a profit of up to Rs.2 lakhs in the last six months. UCO Bank stock rallied 157 percent in three months.
So far this year, the UK bank’s share has increased by more than 4 percent. On the other hand, the results of the bank’s third quarter ended in September-December were also disappointing. Net interest income increased by over 10 percent. While the net interest income was recorded at Rs.1597 crore at the same time last year, it was recorded at Rs.1769 crore this year.
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