This PSU stock may rise sharply, and cross ₹130 soon, know the name

The share of the Union Bank of India is likely to see a huge rise in the coming days. Experts believe that the stock may soon cross ₹130. The bank is showing strong financial performance and is well-positioned for growth.

Here are some factors that cause bullish sentiment for Union Bank of India:

  • Strong financial performance: The bank has been consistently posting strong financial results. The bank’s net profit increased by 22% in the last financial year.
  • Improvement in asset quality: The bank’s gross non-performing assets (GNPAs) have continued to decline. The GNPA ratio now stands at 4.2%, which is lower than the industry average.
  • Government Support: The government is committed to supporting public sector banks. This is likely to give a boost to Union Bank of India.
  • Low Valuation: Union Bank of India stock is currently trading at a very attractive valuation. The stock is trading at a price-to-book (P/B) ratio of around 0.5, well below the industry average.


Technical analysts are also bullish on the stock. The stock is currently in a strong uptrend and is trading above its 200-day moving average. This is a bullish signal that indicates that the stock is likely to go higher.

Based on these factors, it is believed that the shares of Union Bank of India are likely to rise sharply in the coming days. The stock is likely to cross ₹130 soon.

Conclusion:

Please remember that this material is not intended to be investment advice; rather, it is meant to be informative only. Before making any investment selections, investors should always conduct independent research. Please let me know if you have any other questions.

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