Ashwani Gujral of ashwanigujral.com is of the view that one can sell Union Bank of India and Syndicate Bank and can buy Escorts.
While PNB did not name the other lenders, besides Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB
Last week, PNB had lodged an FIR with CBI stating that fraudulent LoUs worth Rs 280.7 crore were first issued on January 16.
"The outstanding exposure related to the incident is approximately USD 300 million and the bank is fully secured by LoU / LC / other documents," Union Bank said.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Ports and can sell Axis Bank and Union Bank of India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, Infosys, Divis Laboratories, Interglobe Aviation and BPCL and can sell Cadila Healthcare.
Edelweiss Securities is bullish on Union Bank of India has recommended Hold rating on the stock with a target price of Rs 145 in its research report dated February 5, 2018.
Morgan Stanley has upgraded Ashok Leyland to Overweight from equal-weight and raised target price to Rs 151 from Rs 101.30 per share.
The market breadth was in favour of the declines on Monday morning with 120 stocks advancing while 1532 stocks declined and 382 stocks remained unchanged. On the BSE, 266 stocks advanced while 1960 stocks declined and 79 remained unchanged.
Lower other income & operating income, and higher provisions dented profitability, but good growth in net interest income restricted losses.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SBI, PNB and Union Bank of India and can buy DHFL, Adani Enterprises and Havells India.
Ashwani Gujral of ashwanigujral.com recommends buying PNB, UPL, Union Bank of India, Punjab National Bank, ONGC and Exide Industries.
Bhushan Steel and Essar Steel were included in the first list of 12 firms identified by the Reserve Bank of India for resolutions under the Insolvency and Bankruptcy Code (IBC).
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Torrent Power and Strides Shasun and can sell Union Bank of India.
The following article is an initiative of CNBC- TV18 and Union Bank of India and is intended to create awareness among the readers.
Sharekhan recommended hold rating on Union Bank of India with a target price of Rs 210 in its research report dated November 03, 2017.
In an interview to Latha Venkatesh, Surabhi Upadhyay & Anuj Singhal on CNBC-TV18, Udayan Mukherjee shared his views and readings on the market, specific sectors and stocks.
Union Bank of India is likely to see a good reaction in trade. The bank has reported their lowest slippage in the last 8 quarters. In an interview to CNBC-TV18, Rajkiran Rai G, MD & CEO of the bank spoke about the results and his outlook for the future.
In an interview to CNBC-TV18, Rajkiran Rai G, MD & CEO of Union Bank of India shared his views on the mega Rs 2.11 lakh crore bank recapitalisation plan that cabinet has cleared.
"Union Bank of India has approved our proposal for One Time Settlement 'OTS'," Indosolar Ltd said in a BSE filing today.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 10115 and the resistance is at 10211 while Bank Nifty has support at 24800 and resistance at 25100-25200 while he has two top buys including ITC and Union Bank of India.
According to Ashwani Gujral of ashwanigujral.com, one can buy Karnataka Bank, Union Bank of India and Federal Bank.
Ashwani Gujral of ashwanigujral.com recommends buying India Cements, Union Bank of India and Petronet LNG.
The bank is currently finalising 4-5 merchant bankers, a senior executive at Union Bank of India told Moneycontrol.
The new one-year MCLR has been set at 8.20 per cent as against 8.40 per cent earlier, Union Bank said in a statement.