Friday 13 May 2016

UCO Bank Q4 net loss at Rs.1715 crore; stock plunges 6%

Total Income has decreased from Rs. 52633.60 mn for the quarter ended March 31, 2015 to Rs. 47454.80 million for the quarter ended March 31, 2016.

UCO Bank posted a net loss of Rs. (17151.60) mn for the quarter ended March 31, 2016 as compared to net profit of Rs. 2092.80 million for the quarter ended March 31, 2015. 

Total Income has decreased from Rs. 52633.60 mn for the quarter ended March 31, 2015 to Rs. 47454.80 million for the quarter ended March 31, 2016.

The Bank has posted a net loss of Rs. 

(27992.50) mn for the year ended March 31, 2016 as compared to net profit of Rs. 11378.00 million for the year ended March 31, 2015. 

Total Income has decreased from Rs. 213625.40 mn for the year ended March 31, 2015 to Rs. 201572.80 mn for the year ended March 31, 2016.

UCO Bank is currently trading at Rs. 34.05, down by Rs. 2.15 or 5.94% from its previous closing of Rs. 36.2 on the BSE.

The scrip opened at Rs. 35.5 and has touched a high and low of Rs. 36.7 and Rs. 33.55 respectively. So far 8723267(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4709.82 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.7 on 29-May-2015 and a 52 week low of Rs. 27.8 on 15-Feb-2016. Last one week high and low of the scrip stood at Rs. 39.2 and Rs. 35.8 respectively.

The promoters holding in the company stood at 72.83 % while Institutions and Non-Institutions held 17.52 % and 9.65 % respectively.

The stock is currently trading below its 200 DMA.

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