Prakash Gaba of prakashgaba.com is of the view that one can avoid Union Bank of India and likes Bank of Baroda with target of Rs 167.
The CBI has registered an FIR against the then officials of Union Bank of India and others for allegedly allowing cash deposits of about Rs 85 crore after announcement of demonetisation in violation of norms.
Public sector banks have been following the age old method of recruitment by hiring employees at the training level and then they move up in ranks with time. But, the state-owned banks have to look into lateral hiring if they have to keep up with competition and changing times.
As NPAs of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel today favoured naming and shaming corporate houses which default on repayment of bank loans.
Sandeep Wagle of powermywealth.com recommends buying Reliance Industries, Union Bank of India and Bharat Petroleum Corporation.
According to Sumeet Jain of Destimoney Securities, one may buy Marico with a target of Rs 289.
Ashwani Gujral of ashwanigujral.com suggests buying Arvind, Union Bank of India and Just Dial.
KR Choksey has recommended accumulate rating on Union Bank of India with a target price of Rs 166 in its research report dated February 10, 2017.
Dena Bank Chairman and Managing Director Ashwani Kumar also said he did not foresee any further rate cuts.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Union Bank of India and Axis Bank and advises buying Eicher Motors.
"There was a report quoting Dena Bank chairman and managing director which stated about some merger talks with Union Bank. The fact is there is nothing of that sort even remotely," Union Bank chairman Arun Tiwari said.
Edelweiss recommended hold rating on Union Bank Of India with a target price of Rs 160 in its research report dated February 08, 2017.
In an interview to CNBC-TV18 SP Tulsian, sptulsian.com spoke on stocks like Triveni Engineering, SBI, Bosch, Hindustan Zinc etc.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Chennai Petroleum and Polaris Consulting & Services and sell Union Bank of India.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his view on stock specific ideas.
According to Prakash Diwan of Altamount Capital Management, Escorts needs to reinvent itself in newer areas like defence or railways. He said the stock justified its rich valuations and said that is a clear vindication of the faith that people had on the stock.
Ashwani Gujral of ashwanigujral.com recommends buying Welspun India, Union Bank of India and Kesoram Industries.
While retaining overweight rating with increased target price at Rs 185 (from Rs 180 earlier), JPMorgan expects NTPC to close the acquisition of phase-I of Chhabra plant by March. Inorganic growth plan are EPS accretive, it feels.
Hero Motocorp | Lupin | Cipla | Bank of India | eClerx Services | Ratnamani Metals | Healthcare Global | Reliance Power | Union Bank | Thermax | Indraprastha Gas | Adani Transmission | Kotak Mahindra Bank | Axis Bank and Idea Cellular are stocks, which are in the news today.
Public-sector Union Bank of India today reported a 32.4 per cent jump in net profit at Rs 104 crore for third quarter ended December 31, 2016, on healthy earnings from interest.
Ashwani Gujral of ashwanigujral.com recommends buying Union Bank of India, Punjab National Bank, IFB Industries, BEML and Himatsingka Seide.
The BSE today had a stellar listing on the NSE at Rs 1089, up 35 percent over the issue price of Rs 806. SP Tulsian of sptulsian.com, however, is not convinced with its valuation on back of low growth.
Satish Gupta of astrostocktips is of the view that banking stocks like Union Bank of India, Bank of Baroda, Central Bank of India, UCO Bank and State Bank of India will get astro support.
Union Bank of India jumped 4.34 percent, Bank of Baroda rose 3.27 percent, SBI went up 3.13 percent and PNB gained 3.12 percent on BSE.