The market may see some more consolidation amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
According to data compiled from 11 major PSU banks, their average price-to-book (P/B) ratio has jumped from 0.35 in March 2020 to 1.14 in July 2025.
Motilal Oswal recommended Neutral rating on Union Bank of India with a target price of Rs 155 in its research report dated July 20, 2025.
Prabhudas Lilladher is bullish on Union Bank of India has recommended buy rating on the stock with a target price of Rs 150 in its research report dated July 21, 2025.
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.
Stocks to Watch, 21 July: Stocks like Reliance Industries, HDFC Bank, ICICI Bank, JSW Steel, IDFC First Bank, Dr Reddy's Laboratories, IRCON International, Sona BLW Precision Forgings, Anthem Biosciences, and Spunweb Nonwoven will be in focus on July 21.
Ranjan said that the bank have sanctions of around Rs 1500-2000 crore to two to three electric vehicle manufacturing.
In April-June quarter, net interest income of the bank increased by 3.53 percent on-year to Rs 27,296 crore, from Rs 26,364 crore in a year ago period.
On the NSE, Union Bank of India stock slipped as much as 5.8 percent to an intraday low of Rs 141.54. It has declined nearly 7 percent over the past three sessions.
Stocks to Watch, 9 July: Stocks like Gujarat Pipavav Port, 5paisa Capital, Tata Steel, Tata Motors, Synergy Green Industries, Puravankara, Dixon Technologies, Zee Entertainment Enterprises, Ola Electric Mobility, Bajel Projects, Computer Age Management Services , and India Shelter Finance Corporation will be in focus on July 9.
Stocks to Watch, 26 June: Stocks like One Mobikwik Systems, Western Carriers India, PB Fintech, Texmaco Rail and Engineering, Om Infra, JSW Energy, and SMS Pharmaceuticals will be in focus on June 26.
Union Bank will raise equity capital not exceeding Rs 3,000 crore as part of an overall Rs 6,000 crore fund raise limit, which will include either one or a combination of instruments like FPOrights issue, QIP and more, subject to approval.
Union Bank of India said that it has completely aligned its EBLR and RLLR with the recent RBI rate cut which will be beneficial to new and existing retail (home, vehicle, personal, etc.) and MSME borrowers.
The final decision on the FSIB recommendations will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
Stocks to Watch, 09 May: Stocks like Dilip Buildcon, Multi Commodity Exchange of India, Biocon, IIFL Finance, Pidilite Industries, Chambal Fertilisers and Chemicals, Zee Entertainment Enterprises, Jindal Stainless, REC, Kalyan Jewellers India, Venus Pipes and Tubes, Lupin, and Bharat Petroleum Corporation will be in focus on May 9.
For the full financial year, Union Bank of India posted a net profit of Rs 17,98,714 lakh, marking a year-on-year growth from Rs 13,64,831 lakh in FY24
Stocks to Watch, 15 Apr: Stocks like NCL Industries, Persistent Systems, Repco Home Finance, JK Cement, Canara Bank, Union Bank of India, and Yatra Online will be in focus on April 15.
Union Bank said its total loan book increased 8.6 percent to cross Rs 9.82 crore by the end of Q4FY25, however, this was lower than the 11-13 percent loan growth guidance previously stated by the lender.
Prabhudas Lilladher is bullish on Union Bank of India has recommended buy rating on the stock with a target price of Rs 140 in its research report dated March 20, 2025.
Emkay Global Financial recommended reduce rating on Union Bank of India with a target price of Rs 120 in its research report dated February 25, 2025.
The market is expected to gain strength soon amid ongoing range-bound trading. Below are some trading ideas for the near term.
There is a fair chance that the MPC revises lower both growth and inflation projections for the current financial year.
Motilal Oswal is bullish on Union Bank of India has recommended buy rating on the stock with a target price of Rs 135 in its research report dated January 28, 2025.
Union Bank of India's Q3 net profit growth was led by a fall in provisions, combined with higher other income.
Stocks To Watch, Jan 28: Stocks like Emami, Piramal Enterprises, Prudent Corporate Advisory Services, Updater Services, Railtel Corporation of India, Union Bank Of India, Prataap Snacks, Mahindra Logistics, Petronet LNG, Maharashtra Seamless, Aditya Birla Sun Life AMC, Tata Power Company, and Sammaan Capital will be in focus on January 28.