The bank announced the results during trading hours today, 7 May 2008.
Meanwhile, the BSE Sensex was down 16.02 points, or 0.09%, to 17,356.99.
On BSE, 6.10 lakh shares were traded in the counter. The scrip had an average daily volume of 2.03 lakh shares in the past one quarter.
The stock hit a high of Rs 177.90 and a low of Rs 172.25 so far during the day. The stock had a 52-week high of Rs 234.80 on 7 January 2008 and a 52-week low of Rs 105.60 on 8 May 2007.
The mid-cap scrip had outperformed the market over the past one month till 6 May 2008, gaining 15.92% compared to the Sensex`s return of 10.26%. It had underperformed the market in the past one quarter, declining 13.77% compared to Sensex`s decline of 4.23%.
The bank`s current equity is Rs 505.12 crore. Face value per share is Rs 10. Government of India holds 55.43% stake in the bank (as at end March 2008).
The current price of Rs 174.50 discounts its Q3 December 2007 annualised EPS of Rs 28.91, by a PE multiple of 6.04.
Union Bank of India`s net profit rose 64.07% to Rs 1387.03 crore on 30.56% rise in total income to Rs 10534.27 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).
The bank provides commercial banking services. It provides merchant banking, direct finance, infrastructure finance, venture capital fund, advisory, trusteeship, forex, treasury and other related financial services.