UCO Bank, formerly United Commercial Bank, is a major Indian commercial bank headquartered in Kolkata, West Bengal. Established in 1943, UCO Bank is a government-owned bank that provides a range of banking services to its customers. It has a network of more than 3,000 branches and over 6,000 ATMs across India. UCO Bank offers services such as savings accounts, current accounts, fixed deposits, debit and credit cards, home loans, and personal loans. The bank also provides online banking, mobile banking, and other digital services such as UPI, NEFT, and RTGS.
UCO bank Q3 Results highlights
- UCO Bank’s Q3 net profit declines by 23% YoY to Rs 503 crore.
- Operating profit drops to Rs 1119 crore due to increased expenses.
- Net interest margin remains at 2.84%, with marginal rise in net interest income to Rs 1,988 crore.
- Provisions of Rs 277 crore made during the quarter; Rs 105 crore set aside for IMPS glitch recovery.
- Provisions for bad loans decrease to Rs 116 crore, improving asset quality.
- Gross non-performing assets ratio falls 178 basis points to 3.85%.
Stock history of UCO Bank
UCO Bank’s stock has been volatile over the years. The stock peaked in November 2010, reaching a high of Rs. 140. However, after that, the stock plummeted to a low of Rs. 9.20 in April 2020. Since then, the stock has been on a gradual flat curve, oscillating between Rs.4o to Rs.50.55 in 2024.
You can buy UCO Bank shares by opening a Demat and trading account with a broker. After opening the account, you need to transfer funds to your trading account and then place a buy order for the UCO Bank shares. Once the order is executed, the shares will be credited to your Demat account.
Some of the online platforms to buy UCO Bank shares are:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
| When | Maximum Price | Minimum Price |
| February 2024 | 55.00 | 47.83 |
| March 2024 | 56.12 | 48.80 |
| April 2024 | 54.49 | 47.38 |
| May 2024 | 53.68 | 46.68 |
| June 2024 | 55.62 | 48.36 |
| July 2024 | 55.06 | 47.88 |
| August 2024 | 57.26 | 49.79 |
| September 2024 | 59.55 | 51.78 |
| October 2024 | 58.38 | 50.77 |
| November 2024 | 60.14 | 52.29 |
| December 2024 | 61.64 | 53.60 |
In February 2024, UCO Bank’s stock is projected to attain a maximum valuation of 55.00, with a corresponding minimum valuation of 47.83. Subsequently, as the year unfolds, the market anticipates fluctuations in the stock prices, culminating in a peak of 61.64 and a trough of 53.60 in December 2024. The comprehensive outlook for UCO Bank suggests a dynamic trajectory marked by diverse price ranges throughout the calendar year.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹52.45 | ₹40.34 |
| February 2025 | ₹53.79 | ₹41.38 |
| March 2025 | ₹55.89 | ₹42.99 |
| April 2025 | ₹54.79 | ₹42.15 |
| May 2025 | ₹53.20 | ₹40.92 |
| June 2025 | ₹55.59 | ₹42.76 |
| July 2025 | ₹54.50 | ₹41.92 |
| August 2025 | ₹56.19 | ₹43.22 |
| September 2025 | ₹58.15 | ₹44.73 |
| October 2025 | ₹59.67 | ₹45.90 |
| November 2025 | ₹61.16 | ₹47.04 |
| December 2025 | ₹62.69 | ₹48.22 |
In 2025, UCO Bank’s share price is anticipated to witness a fluctuating trajectory. The monthly maximum prices range from ₹52.45 to ₹62.69, while the corresponding minimum prices vary between ₹40.34 and ₹48.22. This forecast highlights potential market volatility, emphasizing the need for stakeholders to closely track the evolving trends throughout the year.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹65.82 | ₹46.08 |
| 2027 | ₹72.40 | ₹50.68 |
| 2028 | ₹101.37 | ₹50.68 |
| 2029 | ₹87.76 | ₹43.88 |
| 2030 | ₹114.09 | ₹79.86 |
Over the next five years, UCO Bank’s share price is projected to undergo significant fluctuations. Starting at a maximum of ₹65.82 and a minimum of ₹46.08 in 2026, the prices are forecasted to escalate to ₹114.09 (maximum) and ₹79.86 (minimum) by 2030. These predictions suggest a potential rise in value, reaching its peak in 2030, but with intermittent market volatility, underscoring the importance of careful monitoring for investors and stakeholders during this period.
UCO Bank Financial Condition: Last 5 years
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Revenue (Rs Crore) |
14,331 | 15,134 | 14,446 | 14,981 | 17,651 |
| Interest (Rs Crore) |
10,019 | 10,042 | 8,966 | 8,508 | 10,307 |
| Expenses+ (Rs Crore) |
12,753 | 11,539 | 8,845 | 7,658 | 6,729 |
| Fin. Profit (Rs Crore) |
-8,441 | -6,446 | -3,365 | -1,185 | 614 |
| Oth. Inc (Rs Crore) |
1,514 | 2,871 | 3,424 | 3,101 | 2,508 |
| Deprec. (Rs Crore) |
137 | 137 | 134 | 165 | 218 |
| PBT (Sales Crore) |
-7,065 | -3,713 | -75 | 1,750 | 2,905 |
| Net Profit (Rs Crore) |
-4,321 | -2,437 | 167 | 930 | 1,862 |
| EPS Rs | -7.97 | -2.46 | 0.17 | 0.78 | 1.56 |
| Div. Payout % | -0% | -0% | -0% | -0% | -0% |
Over the past five years, UCO Bank’s financial performance has witnessed notable dynamics. From fiscal year 2019 to 2023, the bank’s revenue exhibited a consistent growth pattern, reaching ₹17,651 Crore in March 2023. However, the journey was marked by challenges, evident in a fluctuating financial profit, which improved from a significant loss of ₹8,441 Crore in 2019 to a positive figure of ₹614 Crore in 2023. Other income sources, though varying, contributed positively, reflecting resilience.
Despite a negative profit before tax (PBT) in 2019 and 2020, UCO Bank displayed a remarkable turnaround, achieving a PBT of ₹2,905 Crore in March 2023. The net profit trajectory also improved from a loss of ₹4,321 Crore in 2019 to a gain of ₹1,862 Crore in 2023, showcasing a positive trend. The earnings per share (EPS) climbed from -7.97 in 2019 to a notable 1.56 in 2023, signaling positive momentum in the bank’s financial health. Despite the absence of dividend payouts during this period, these financial indicators suggest a potential turnaround and positive outlook for UCO Bank.
FAQs
Many factors such as the bank’s performance in the coming months, government decisions in banks, internal decisions by the managing authorities along market sentiments will decide the future of UCO Bank in 2024.
As UCO Bank is a PSU bank, it is expected that all the above factors will go in favor of UCO Bank and it is expected to grow in 2024.
What is the market cap of UCO Bank?
The market capitalization of UCO Bank ₹60,437 is crore as of February 5th, 2024.
It is not easy to pinpoint the future of UCO Bank’s share price but looking optimistically it can reach ₹200 mark by the end of 2035 or very soon after 2030.
UCO bank is expected to trade between Rs. ₹79.86 to Rs. ₹114.09 in 2030.
The maximum and minimum UCO bank share price target for 2025 is ₹₹62.69 and ₹₹42.15 respectively.
Conclusion
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yes bank or uco bank dono me kon sa tik hai
Yes bank is overvalued. Dono me se toh UCO bank hi better lagta hai, but mere hisab UCO bank se bhi better options hai.