UCO Bank (UCO), a public sector lender,
dropped on Tuesday after reporting disappointing numbers for the
third quarter of fiscal 2013.
The bank announced a fall of 69.19% in net profit to Rs 1.02 billion for the quarter ended Dec. 31, 2012 as compared to Rs 3.33 billion in the same period last year.
This was mainly due to sharp rise in provisions by 73.06% to Rs 7.28 billion in the third quarter.
Total income of the bank increased by 9.75% to Rs 43.61 billion
for the quarter ended Dec. 31, 2012 as compared to Rs 39.74 billion
in the same period last year. 
Shares ofthe companyare trading at Rs
67.90, down Rs 3.55, or 4.97% at the Bombay Stock Exchange (BSE) on
Tuesday at 11:45 a.m.
With this, thebank lost Rs 2.53 billion in market capitalisation to Rs 44.97 billion.
In the earlier session, the shares fell 4.16%, or Rs 3.1, at Rs 71.45. Total volume of shares traded on the bourses today was higher by 191.79% to 7,537,266 compared with 22-day average volume of 2,583,095. The scrip has touched an intra-day high of Rs 71.30 and low of Rs 66.50.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 76.30 (4.85) (6.36) 1 Month 84.80 (13.35) (15.74) 3 Months 74.40 (2.95) (3.97) 6 Months 67.60 3.85 5.70 1 Year 73.50 (2.05) (2.79) Note: Based on previous day closing price.
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