Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities told CNBC-TV18, "If somebody is looking for a short-term or medium-term kind of view on United Bank of India, probably around Rs 54 it makes sense to exit, unfortunately the market is in that kind of phase. For three years these kind of short-term recommendations hardly have any relevance."
The share touched its 52-week high Rs 84.95 and 52-week low Rs 45.20 on 07 January, 2013 and 24 June, 2013, respectively. Currently, it is trading 44.61 percent below its 52-week high and 4.09 percent above its 52-week low. Market capitalisation stands at Rs 1,763.00 crore.
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