|
16 Jul 2025 |
Union Bank
|
Consensus Share Price Target
|
148.34 |
151.67 |
- |
2.24 |
buy
|
|
|
|
|
10 May 2025
|
Union Bank
|
Prabhudas Lilladhar
|
148.34
|
145.00
|
122.90
(20.70%)
|
Target met |
Buy
|
|
|
UNBK saw a strong quarter owing to beat on all fronts i.e. NII, fees and asset quality resulting in core PBT being 9.4% above PLe. NII was 1.8% higher as NIM was cushioned due to (1) shedding of high cost bulk deposits in the last quarter and (2) avoiding disbursal of lower yielding loans. Loan growth was muted at 9.5% YoY; over FY25-27E we are factoring a loan CAGR slightly lower than the system at 10%. Asset quality was superior as net slippages were lower led by controlled gross slippages and healthy recoveries while provisioning for Q4'25...
|
|
09 Apr 2025
|
Union Bank
|
Ventura
|
148.34
|
161.00
|
116.75
(27.06%)
|
8.53 |
Buy
|
|
|
Underpromise, overdeliver
|
|
20 Mar 2025
|
Union Bank
|
Prabhudas Lilladhar
|
148.34
|
140.00
|
119.19
(24.46%)
|
Target met |
Buy
|
|
|
Strong capital adequacy a lever for growth Gaurav Jani gauravjani@plindia.com | 91-22-66322235 Aditya Modani adityamodani@plindia.com | 91-22-66322257...
|
|
25 Feb 2025
|
Union Bank
|
Emkay
|
148.34
|
120.00
|
116.29
(27.56%)
|
Target met |
Sell
|
|
|
Union Bank hosted an Analyst Meet to give an update on its recent performance and outlook on growth, margins, and asset quality.
|
|
28 Jan 2025
|
Union Bank
|
Motilal Oswal
|
148.34
|
135.00
|
110.57
(34.16%)
|
Target met |
Buy
|
|
|
Union Bank of India (UNBK) reported 3QFY25 PAT of INR46b (28.2% YoY, 27% beat), led by lower provisions and higher-than-expected other income.
|
|
22 Oct 2024
|
Union Bank
|
Anand Rathi
|
148.34
|
142.00
|
109.24
(35.79%)
|
Target met |
Buy
|
|
|
Strong non-interest income (treasury and recovery) counterbalanced lower margins (due to penal charges reclassification), resulting in Union Bank of India’s decent operating performance and better RoA.
|
|
14 May 2024
|
Union Bank
|
Motilal Oswal
|
148.34
|
165.00
|
133.65
(10.99%)
|
Target met |
Buy
|
|
|
We attended the analyst meet hosted by the entire top management team of Union Bank (UNBK). The management emphasized the bank's efforts in delivering profitable growth while continually making investments in the business and enhancing the technological capabilities of the bank.
|
|
12 May 2024
|
Union Bank
|
Motilal Oswal
|
148.34
|
165.00
|
142.00
(4.46%)
|
Target met |
Buy
|
|
|
Union Bank of India (UNBK) reported 19% YoY growth in PAT at INR33b (14% miss) in 4QFY24 as opex increased 13.7% YoY to INR76b (24% higher than MOFSLe).
|
|
12 May 2024
|
Union Bank
|
Emkay
|
148.34
|
150.00
|
142.00
(4.46%)
|
Target met |
Sell
|
|
|
Union Bank reported an 11% miss on PAT at Rs33bn (vs Emkay est.: Rs37bn) owing to impact of wage revision (Rs13.3bn) and tax expenses, which overrode the benefits from higher treasury income and reversal of NPI provisions.
|
|
04 Mar 2024
|
Union Bank
|
ICICI Direct
|
148.34
|
180.00
|
148.85
(-0.34%)
|
|
Buy
|
|
|
|
|
08 Feb 2024
|
Union Bank
|
Motilal Oswal
|
148.34
|
165.00
|
149.45
(-0.74%)
|
Target met |
Buy
|
|
|
|
|
21 Jan 2024
|
Union Bank
|
Motilal Oswal
|
148.34
|
165.00
|
141.80
(4.61%)
|
Target met |
Buy
|
|
|
|
|
28 Nov 2023
|
Union Bank
|
Motilal Oswal
|
148.34
|
130.00
|
108.20
(37.10%)
|
Target met |
Buy
|
|
|
|
|
29 Oct 2023
|
Union Bank
|
Motilal Oswal
|
148.34
|
125.00
|
99.90
(48.49%)
|
Target met |
Buy
|
|
|
|
|
07 May 2023
|
Union Bank
|
Motilal Oswal
|
148.34
|
95.00
|
76.40
(94.16%)
|
Target met |
Buy
|
|
|
|
|
21 Jan 2023
|
Union Bank
|
Motilal Oswal
|
148.34
|
100.00
|
81.25
(82.57%)
|
Target met |
Buy
|
|
|
|
|
06 Nov 2022
|
Union Bank
|
Motilal Oswal
|
148.34
|
65.00
|
58.55
(153.36%)
|
Target met |
Buy
|
|
|
|
|
20 Oct 2022
|
Union Bank
|
Motilal Oswal
|
148.34
|
65.00
|
49.15
(201.81%)
|
Target met |
Buy
|
|
|
|
|
26 Sep 2022
|
Union Bank
|
Motilal Oswal
|
148.34
|
50.00
|
43.05
(244.58%)
|
Target met |
Buy
|
|
|
|
|
07 Feb 2022
|
Union Bank
|
Motilal Oswal
|
148.34
|
65.00
|
47.70
(210.99%)
|
Target met |
Buy
|
|
|
Asset quality improved, with fresh slippage moderating 49% QoQ to ~2.3% annualized. Healthy upgrades and recoveries, coupled with continued writeoffs, enabled 3%/6% QoQ decline in GNPA/NNPA. UNBK continues to carry a 65% provision on SREI Infra, while it has ~30% coverage on retail...
|