Customers can obtain banking and financial services from UCO Bank, an Indian public sector bank. Since its founding in 1943, the bank has expanded to become one of India’s biggest, offering a wide range of services such retail banking, corporate banking, and international banking.
The UCO Bank Share Price is a significant determinant of the bank’s financial performance and health, just like it is for any publicly traded corporation. In order to assess UCO Bank’s success in the market and make wise investment decisions, investors and analysts frequently keep a close eye on the share price.
This article will examine the numerous elements that affect UCO Bank’s share price, current stock performance trends, and potential future developments.
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Contents
UCO BANK IN RECENT NEWS
- In the upcoming fiscal year, UCO Bank aims to achieve a profit of ₹2500 crore.
- UCO Bank has raised the interest rates on savings accounts and fixed deposits.
- UCO Bank plans to prioritize the enhancement of its net interest margin (NIM), cost to income ratio, and increase its current account and savings account (CASA) deposits.
UCO BANK SHARE PRICE TARGET 2023
| UCO BANK SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| February 2023 | ₹25.95 | ₹19.96 |
| March 2023 | ₹19.46 | ₹14.97 |
| April 2023 | ₹21.41 | ₹16.47 |
| May 2023 | ₹17.84 | ₹13.72 |
| June 2023 | ₹21.41 | ₹16.47 |
| July 2023 | ₹25.69 | ₹19.76 |
| August 2023 | ₹28.26 | ₹21.74 |
| September 2023 | ₹29.67 | ₹22.83 |
| October 2023 | ₹28.26 | ₹21.74 |
| November 2023 | ₹31.09 | ₹23.91 |
| December 2023 | ₹34.82 | ₹26.78 |
Based on the data provided in the table, it can be observed that the UCO Bank share price is expected to show a bullish uptrend in 2023. The maximum price in December 2023 is expected to be ₹34.82, which is a significant increase from the minimum price of ₹19.96 in February 2023. This indicates a potential double-digit growth percentage in the UCO Bank share price for the year 2023.
The stock is expected to experience some volatility in the first half of the year, with fluctuations in the price range between ₹25.95 to ₹13.72. However, the share price is predicted to rebound strongly in the second half of the year, with the price expected to reach a maximum of ₹34.82 in December 2023. This bullish trend may be attributed to various factors, such as the bank’s efforts to increase profits, its focus on improving its net interest margin, and its plans to shore up CASA deposits.
Investors and analysts may view this as a positive sign for the bank’s future prospects, and the potential for double-digit growth in the UCO Bank share price in 2023 could be an attractive opportunity for those looking to invest in the Indian banking sector. However, it is important to note that stock prices are subject to various market conditions and economic factors, which could impact their performance in unforeseen ways.
UCO BANK SHARE PRICE TARGET 2024
| UCO BANK SHARE PRICE 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹36.65 | 1037.03 |
| February 2024 | ₹41.18 | ₹34.31 |
| March 2024 | ₹43.34 | ₹35.24 |
| April 2024 | ₹39.40 | ₹30.31 |
| May 2024 | ₹32.84 | ₹25.26 |
| June 2024 | ₹39.40 | ₹30.31 |
| July 2024 | ₹33.49 | ₹25.96 |
| August 2024 | ₹36.84 | ₹29.24 |
| September 2024 | ₹38.69 | ₹29.76 |
| October 2024 | ₹45.51 | ₹35.01 |
| November 2024 | ₹47.79 | ₹36.76 |
| December 2024 | ₹48.74 | ₹37.50 |
The data provided in the table suggests that the UCO Bank share price is expected to continue its upward trend in 2024, with steady growth predicted throughout the year. The maximum price for December 2024 is expected to be ₹48.74, which is a significant increase from the minimum price of ₹25.26 in May 2024. This indicates a potential growth percentage of over 90% for the year 2024.
Although there may be some volatility in the stock price in the first half of the year, the trend is expected to be positive and upward moving throughout the year. The bank’s efforts to improve its financial performance, increase its net interest margin, and shore up CASA deposits may contribute to this expected growth.
Investors and analysts may view this as a positive sign for the bank’s future prospects, and the potential for significant growth in the UCO Bank share price in 2024 could be an attractive opportunity for those looking to invest in the Indian banking sector. However, it is important to note that stock prices are subject to various market conditions and economic factors, which could impact their performance in unforeseen ways.
The maximum share price target for 2024 is expected to be ₹48.74, while the minimum share price target is expected to be ₹25.26. Investors should keep an eye on any factors that may impact the bank’s financial performance, such as changes in government policies or economic conditions, to make informed investment decisions.
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UCO BANK SHARE PRICE TARGET 2025
| UCO BANK SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹49.72 | ₹38.24 |
| February 2025 | ₹52.34 | ₹40.26 |
| March 2025 | ₹54.95 | ₹42.27 |
| April 2025 | ₹49.06 | ₹37.74 |
| May 2025 | ₹44.60 | ₹34.31 |
| June 2025 | ₹49.06 | ₹37.74 |
| July 2025 | ₹46.73 | ₹35.94 |
| August 2025 | ₹48.67 | ₹37.44 |
| September 2025 | ₹51.11 | ₹39.31 |
| October 2025 | ₹54.18 | ₹41.67 |
| November 2025 | ₹57.97 | ₹44.59 |
| December 2025 | ₹59.13 | ₹45.48 |
The data provided in the table suggests that the UCO Bank share price is expected to continue its upward trend in 2025, with a bullish sentiment and steady growth predicted throughout the year. The maximum price for December 2025 is expected to be ₹59.13, which is a significant increase from the minimum price of ₹34.31 in May 2025. This indicates a potential growth percentage of over 70% for the year 2025.
The bank’s continued focus on improving its financial performance and increasing its net interest margin, along with a favorable economic environment, may contribute to this expected growth. Additionally, the bank’s efforts to expand its customer base and improve its services may lead to increased investor confidence and positively impact the stock price.
Investors and analysts may view this as a positive sign for the bank’s future prospects, and the potential for significant growth in the UCO Bank share price in 2025 could be an attractive opportunity for those looking to invest in the Indian banking sector. However, it is important to note that stock prices are subject to various market conditions and economic factors, which could impact their performance in unforeseen ways.
The maximum share price target for 2025 is expected to be ₹59.13, while the minimum share price target is expected to be ₹34.31. Investors should conduct their own research and analysis and closely monitor any developments that could impact the bank’s financial performance to make informed investment decisions.
UCO SHARE PRICE TARGET 2026 TO 2030
| UCO SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹41.39 | ₹28.97 |
| 2027 | ₹35.18 | ₹24.63 |
| 2028 | ₹63.32 | ₹44.33 |
| 2029 | ₹130.08 | ₹91.06 |
| 2030 | ₹144.86 | ₹101.40 |
The provided information predicts that the share price of UCO Bank will change during the future years. The highest and minimum prices are expected to be around 41.39 and 28.97 respectively in 2026. The share price is anticipated to continue declining in 2027, with a top price of 35.18 and a minimum price of 24.63.
The share price is forecast to increase in 2028, with a top price of 63.32 and a minimum price of 44.33. With a maximum price of 130.08 and a minimum price of 91.06, the share price is expected to soar in 2029. Last but not least, the share price is anticipated to continue rising in 2030, with a maximum price of 144.86 and a minimum price of 0.
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FINANCIAL STRENGTH OF UCO BANK (2022)
| ANNUAL | FY 2022 |
| Total Income | 18,082.15 |
| Total Income Growth (%) | 1.19 |
| Provisions & Contingencies | 3,867.67 |
| Provisions & Contingencies Growth (%) | -2.87 |
| Profit after Tax (PAT) | 894.92 |
| PAT Growth (%) | 456.63 |
| Net Interest Margin (%) | 2.41 |
| Net Profit Margin (%) | 5.97 |
| Basic EPS (₹) | 0.77 |
UCO Bank’s financial statement for the fiscal year 2022 shows a mixed performance. The total income of the bank increased by 1.19% compared to the previous fiscal year. However, the provisions and contingencies decreased by 2.87%, indicating a positive sign. The bank’s net interest margin and net profit margin were 2.41% and 5.97%, respectively.
The bank’s profit after tax (PAT) recorded a staggering growth of 456.63% compared to the previous year, reaching ₹894.92 crore. The bank’s basic EPS stood at ₹0.77. Although the bank showed significant growth in PAT, the provisions and contingencies remained a concern. The bank needs to focus on reducing provisions and contingencies and increasing revenue growth to maximize profits.
Overall, the bank’s performance has been decent in terms of profit and loss, and it should focus on sustaining and improving its growth percentage in the coming years.
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FAQ’s
To buy UCO Bank shares, you need to open a demat and trading account with a stockbroker that is registered with the stock exchanges. Once you have a trading account, you can place an order for UCO Bank shares through the broker’s online or offline platform.
Investing in UCO Bank shares involves risks and rewards like any other investment. You should carefully evaluate the bank’s financial performance, market conditions, and other factors before making any investment decision. It’s recommended to seek advice from a financial advisor before investing.
CONCLUSION: UCO BANK
Aiming to achieve a profit of Rs. 2500 crore in the upcoming fiscal year, UCO Bank has demonstrated a positive growth trend in recent years. The bank has increased the interest rates on its savings and fixed deposit accounts and set goals to raise its NIM, cost-to-income ratio, and CASA deposits. The predicted share price for the upcoming years likewise seems to be rising, with room for expansion in the years to come. Financially, UCO Bank has experienced consistent revenue growth of 1.19% while seeing a drop of -2.87% in provisions and contingencies.
