UCO Bank gains on reporting over 2-fold jump in Q2 standalone net profit

UCO Bank is currently trading at Rs. 15.11, up by 0.17 points or 1.14% from its previous closing of Rs. 14.94 on the BSE.

UCO Bank
UCO Bank

The scrip opened at Rs. 14.96 and has touched a high and low of Rs. 15.48 and Rs. 14.96 respectively. So far 1831531 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 15.48 on 07-Nov-2022 and a 52 week low of Rs. 10.52 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 15.48 and Rs. 12.91 respectively. The current market cap of the company is Rs. 18256.75 crore.

The promoters holding in the company stood at 95.39%, while Institutions and Non-Institutions held 1.37% and 3.24% respectively.

UCO Bank has reported results for second quarter ended September 30, 2022.

The bank has reported over 2-fold jump in its net profit at Rs 504.52 crore for Q2FY23 as compared to Rs 205.39 crore for the corresponding quarter previous year. Total income of the bank increased by 6.64% to Rs 4,964.84 crore for the quarter under review as compared to Rs 4655.86 crore for the same quarter in the previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 6.58%, as compared to 8.98% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.99% in Q2FY23.

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