Buy Union Bank of India around Rs 213- 204: Manghnani

Manghnani told CNBC-TV18, “Union Bank of India, this time again post the numbers like OBC which I gave last week, has rallied. So any pullback is a buy. The market has moved beyond the number, the numbers were fine. So Rs 213-204 is a buy range, Rs 203 is a stop and a pullback target of about Rs 232 and beyond.”

The company's trailing 12-month (TTM) EPS was at Rs 32.77 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 7.03. The latest book value of the company is Rs 235.91 per share. At current value, the price-to-book value of the company was 0.98. The dividend yield of the company was 3.47%.