UBI falls post Q2 results
By IRIS
29th October 2012 11:18 AM
United Bank of India (UBI) fell on Monday
after it reported a rise of 15.92% in net profit for the quarter
ended Sept. 30, 2012. During the quarter, the bank's profit went up
to Rs 1.45 billion for the quarter ended Sept. 30, 2012 as compared
to Rs 1.25 billion in the same period last year.
Total income has gone up 20.50% to Rs 25.32 billion for the
quarter ended Sept. 30, 2012 from Rs 21.02 billion in the year ago
period.
Shares ofthe bankare trading at Rs
64.25, down Rs 0.7, or 1.08% at the Bombay Stock Exchange (BSE) on
Monday at 10:03 a.m.Net NPAs narrowed down 1.22% to Rs 11.88
billion as on quarter ended Sept. 30, 2012 as compared to Rs 12.02
billion as on quarter ended Sept. 30, 2011. While in percentage
term, net NPAs dropped by 26 bps over prior year period to 1.95%
for the quarter ended Sept. 30, 2012.The scrip has touched an
intra-day high of Rs 64.60 and low of Rs 63.80. The total volume of
shares traded at the BSE is 15,987.In the earlier session, the
shares lost 2.26%, or Rs 1.5, at Rs 64.95. Currently, the stock is
trading down 26.28% from its 52-week high of Rs 87.15 and above
41.05% over the 52-week low of Rs 45.55.
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