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    HomeNewsBusinessStocksBuy Union Bank of India; target of Rs 168: Anand Rathi

    Buy Union Bank of India; target of Rs 168: Anand Rathi

    Anand Rathi is bullish on Union Bank of India has recommended buy rating on the stock with a target price of Rs 168 in its research report dated July 20, 2025.

    Broker Research
    July 21, 2025 / 12:28 IST
    buy
       
       
      26 Aug, 2025 12:21
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      Anand Rathi's research report on Union Bank of India

      Lower margins and weaker non-interest income led to Union Bank’s operating profits degrowth. Yet, its C/I was below 50%, suggesting decent overall operating performance. Headline asset quality and PCR improved. Key positives were: 1) modest slippages (1% of loans), 2) lower stress formation (SMA at 0.5% of loans), 3) decent traction in the retail/MSME books (up 5.7%/5.9% q/q) and 4) 15%+ RoE now for 10 straight quarters. We expect the bank to deliver a sustainable, ~14%, RoE in the medium term.

      Outlook

      We retain our Buy rating, with a 12-mth TP of Rs168, 0.9x P/ABV on the FY27e book.

      For all recommendations report, click here

      Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      Union Bank of India - 21072025 - anand
      Broker Research
      first published: Jul 21, 2025 12:28 pm

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