Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
81.75
Change Change %
-0.85 -1.03%

Updated:19 Nov, 2018, 15:31 PM IST

BSE
81.60
Change Change %
-0.95 -1.15%

Updated:19 Nov, 2018, 15:44 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
16-05-2016 Sell 115.95 115.00
N/A
Target Hit Long (1Y)
16-05-2017

Religare maintains sell on Union Bank of India

Gross non-performing loans increased to 8.7 per cent of advances as fresh slippages increased to Rs 6,200 crore in Q4 against Rs 3,400 crore in the December quarter. Management expects credit costs in FY17 to decline by 50 basis points on the back of strong recoveries. We expect Union Bank's profitability to remain weak due to mounting provisions and sustained pressure on asset quality and margins.

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