Ghanshyam Das Birla founded UCO Bank in 1943 with the goal of introducing the concept of a commercial bank in India. United Commercial Bank was the original name of UCO bank until it was renamed to UCO in 1985.
Currently, UCO Bank employs more than 21,000 people and runs and maintains more than 3205 branches and 2564 ATMs around the country. With a market valuation of around 600 billion Indian rupees, UCO Bank is the country's ninth-largest public sector bank, providing wealth management, investment banking, and consumer banking services. At the moment, Mr. Ashwani Kumar serves as the MD and CEO of the UCO Bank, which has its main office in Kolkata, West Bengal.
This article will provide investors with information that will impact the UCO Bank Share Price Target 2025, enabling them to make more informed investment decisions. In addition, other significant aspects including PSU's financial reports, share price performance, and UCO Bank share price prediction will be discussed.
UCO Bank Latest News
Share Price of UCO Bank There was an opening today at Rs 50.65, or March 19, 2024. Prior to this, on Monday, March 18, 2024, UCOBANK NSE Stock closed at Rs 50.60 on the stock exchange.
The Central Bureau of Investigation machinery stormed multiple sites earlier in the second week of March 2024 in connection with the UCO Bank's purported embezzlement of over 800 crores between November 10 and 11, 2023 through IMPS transactions from the 41,000 PSU bank account holders.
Aravamudan Krishna Kumar was chosen by the Appointments Committee of the Cabinet (ACC) to serve as the PSU bank's non-executive chairman and part-time, non-official director of UCO Bank during a meeting that took place in the final week of February 2024.
Month (2024)Maximum TargetMinimumTarget
JanuaryRs – Rs –
FebruaryRs – Rs –
MarchRs 55.00Rs 34.87
AprilRs 57.20Rs 35.10
MayRs 59.83Rs 36.19
JuneRs 60.25Rs 38.22
JulyRs 60.10Rs 40.02
AugustRs 62.92Rs 41.06
SeptemberRs 63.99Rs 42.05
OctoberRs 64.17Rs 42.92
NovemberRs 66.03Rs 43.80
DecemberRs 67.62Rs 45.30
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment)
Month (2025)Maximum TargetMinimumTarget
JanuaryRs 69.13Rs 47.89
FebruaryRs 70.06Rs 48.54
MarchRs 72.90Rs 48.80
AprilRs 73.91Rs 50.04
MayRs 73.05Rs 51.16
JuneRs 75.60Rs 52.03
JulyRs 76.51Rs 52.86
AugustRs 76.25Rs 54.00
SeptemberRs 77.42Rs 55.76
OctoberRs 79.00Rs 54.74
NovemberRs 80.22Rs 56.90
DecemberRs 80.00Rs 57.91
(This prediction is based upon our understanding seeing the history of the above stock and its prospects, an investor is advised to seek expert advice before making any investment-related commitment
to 2030
Year Maximum TargetMinimum Target
2026Rs 96.20Rs 59.70
2027Rs 112.08Rs 70.07
2028Rs 129.18Rs 82.85
2029Rs 144.00Rs 95.80
2030Rs 160.88Rs 107.60
(This prediction is based upon our understanding seeing the history of the above stock, expert advice is critical before making any investment-related commitment
UCOBANK: NSE Financials 2023
UCO Bank Market Capitalisation: 59,779.79 Crores INR
UCO Bank Reserves and Borrowings: 13,808.55 Cr INR and 20,501.08 Cr INR (March 2023) Respectively
UCO Bank 52 Week High-Low: Rs 70.65 – Rs 22.25
Revenue73.73 Billion INR
- 55.06% YOY
- Earnings Per Share EBITDA Effective Tax Rate Total Assets3.01 Trillion INR
- 12.35% YOY
- Total Liabilities2.75 Trillion INR
- Total Equity256.04 Billion INR
Return on assets0.66%
- Return on Capital P/E Ratio35.33
- Dividend Yield
UCO Bank Ltd Shareholding Pattern
- Promoters: 95.39%
- FII: 0.01%
- DII: 1.25%
- Retail & Others: 3.28%
- Mutual Funds: 0.08%
- UCO Bank Ltd Competitors (Market Cap: 59,779.79 crores INR
- SBI Market Cap: 646,632.76 crores INR
- PNB Market Cap: 129,764.82 crores INR
- Bank of Baroda Market Cap: 129,284.05 crores INR
- Union Bank of India Market Cap: 114,007.90 crores INR
- IOB Market Cap: 110,390.09 crores INR
- Canara Bank Market Cap: 99,278.28 crores INR
Points to consider before investing in UCO Bank Stock
The UCO bank is dealing with a significant fraud that happened on November 10 and 11, 2023, using the IMPS (Immediate Payment Service), which took more than 800 crores of money out of 41,000 bank accounts. Since then, the CBI has conducted many searches and raids to find the locations of the accounts to which the funds were transferred. This damages the reputation of UCO Bank and interferes with an investor's ability to trust the stock.
In Q3 of 2023, PSU Bank's net profit dropped to Rs 503.83% from UCO Bank's reported net profit of Rs 652.97 crores, a 22.8% YoY reduction.
But UCO Bank's non-performing asset decreased from 5.63% in the same third quarter of 2023 to 3.85% (YOY).
The business of UCO Bank increased to Rs 435456 crores in the third quarter of the fiscal year 2023 (Q3 FY23) by a margin of 10.46% (YOY).
The PSU financial report for the previous few years indicates that UCO Bank is continuing to operate with efficiency. UCO Bank reported positive growth in revenue, net profit, EBITDA, and other areas for the fiscal year 2023. This is encouraging for the stock market price of UCO Bank shares because investors will be reviewing PSU's yearly financial reports.
Conclusion
Investors can learn a lot about the performance of the UCO BANK NSE Stock over the last few months from the UCO Bank Share Price History. Throughout the most of the previous five years of trade, the UCO Bank Share Prices have been on a rather level trajectory; however, in the middle of October of 2022, the UCO stock began to climb a relatively high ladder. Since then, the price of a UCO Bank share on the NSE has increased by almost 400%, or from Rs 12 per share to Rs 50.20 per share at the moment.
The UCOBANK NSE Stock trajectory has experienced numerous highs and lows over an even longer period of time.
UCO Bank Share Price in 2008 saw the first time that the UCO Bank Share Price crossed the Rs 50 threshold. The UCO Bank stock reached its all-time high of Rs 152 per share in 2010. But since then, the stock has experienced a sharp decline and has found it difficult to rise back to its all-time high.
Before making any commitments pertaining to investments on the stock market, investors should be aware of the risk factors that are present in the market and seek professional guidance. India Property Dekho consistently advises doing extensive study on the stock and the variables influencing it over the long and short durations.
