UCO Bank, formerly United Commercial Bank, is a major Indian commercial bank headquartered in Kolkata, West Bengal. Established in 1943, UCO Bank is a government-owned bank that provides a range of banking services to its customers. It has a network of more than 3,000 branches and over 6,000 ATMs across India. UCO Bank offers services such as savings accounts, current accounts, fixed deposits, debit and credit cards, home loans, and personal loans. The bank also provides online banking, mobile banking, and other digital services such as UPI, NEFT, and RTGS.
Stock history of UCO Bank
UCO Bank’s stock has been volatile over the years. The stock peaked in November 2010, reaching a high of Rs. 140. However, after that, the stock plummeted to a low of Rs. 9.20 in April 2020. Since then, the stock has been on a gradual flat curve, oscillating between Rs.11 to Rs.36 in 2022.
UCO Bank in recent news
- CEO Soma Sankar Prasad said “Interest rates nearly peaked, may go up by another 25 bps”
- UCO Bank to raise up to Rs.1,000 crore by issuing bonds
-
UCO bank CEO said exposure to Adani group is marginally small and is not a cause of concern.
How to buy UCO Bank shares in India?
You can buy UCO Bank shares by opening a Demat and trading account with a broker. After opening the account, you need to transfer funds to your trading account and then place a buy order for the UCO Bank shares. Once the order is executed, the shares will be credited to your Demat account.
Some of the online platforms to buy UCO Bank shares are:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
UCO Bank Share Price Prediction 2023 to 2030
UCO Bank Share Price Target 2023 is ₹45.09
| When | Maximum Price | Minimum Price |
| February 2023 | ₹31.61 | ₹25.85 |
| March 2023 | ₹30.21 | ₹25.39 |
| April 2023 | ₹27.73 | ₹21.33 |
| May 2023 | ₹23.11 | ₹17.77 |
| June 2023 | ₹27.73 | ₹21.33 |
| July 2023 | ₹33.27 | ₹25.59 |
| August 2023 | ₹36.60 | ₹28.15 |
| September 2023 | ₹38.43 | ₹29.56 |
| October 2023 | ₹36.60 | ₹28.15 |
| November 2023 | ₹40.26 | ₹30.97 |
| December 2023 | ₹45.09 | ₹34.69 |
The rise or fall of the share price of any stock depends on various factors such as the performance of the company, market sentiments, internal decisions, government decisions, etc. Considering all the above factors, we can predict an optimistic future for UCO Bank.
UCO bank March 2023 share price prediction suggest it could be trading in the range of ₹30.21 and ₹25.39.
By the end of 2023, UCO Bank’s share price could reach maximum of ₹45.09.
UCO Bank Share Price Target 2024 is ₹63.13
| When | Maximum Price | Minimum Price |
| January 2024 | ₹47.46 | ₹36.51 |
| February 2024 | ₹53.33 | ₹44.44 |
| March 2024 | ₹56.14 | ₹45.64 |
| April 2024 | ₹51.03 | ₹39.26 |
| May 2024 | ₹42.53 | ₹32.71 |
| June 2024 | ₹51.03 | ₹39.26 |
| July 2024 | ₹43.38 | ₹33.63 |
| August 2024 | ₹47.72 | ₹37.87 |
| September 2024 | ₹50.10 | ₹38.54 |
| October 2024 | ₹58.94 | ₹45.34 |
| November 2024 | ₹61.89 | ₹47.61 |
| December 2024 | ₹63.13 | ₹48.56 |
UCO Bank share price could reach ₹63.13 by the end of 2024, given everything goes right.
UCO Bank Share Price Target 2025 is ₹76.58
| When | Maximum Price | Minimum Price |
| January 2025 | ₹64.39 | ₹49.53 |
| February 2025 | ₹67.78 | ₹52.14 |
| March 2025 | ₹71.17 | ₹54.75 |
| April 2025 | ₹63.55 | ₹48.88 |
| May 2025 | ₹57.77 | ₹44.44 |
| June 2025 | ₹63.55 | ₹48.88 |
| July 2025 | ₹60.52 | ₹46.55 |
| August 2025 | ₹63.04 | ₹48.49 |
| September 2025 | ₹66.19 | ₹50.92 |
| October 2025 | ₹70.16 | ₹53.97 |
| November 2025 | ₹75.08 | ₹57.75 |
| December 2025 | ₹76.58 | ₹58.91 |
Considering an optimistic future, the share price of UCO Bank would go up to ₹76.58 by the end of 2025.
UCO Bank Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹53.60 | ₹37.52 |
| 2027 | ₹45.56 | ₹31.89 |
| 2028 | ₹82.01 | ₹57.41 |
| 2029 | ₹168.47 | ₹117.93 |
| 2030 | ₹187.62 | ₹131.33 |
The market is predicted to fall in the year 2026 and 2027 due to which the share price of UCO Bank will drop down to ₹31.89 in 2027 but it will again see a rising curve and will reach ₹82 in 2028 itself and will end the year 2029 at ₹168.47. Likewise, it will grow and will cross ₹175 in 2030 and end the decade around ₹187.82.
UCO Bank Financial Condition: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | |||
| Sales | 14,020.13 | 14,330.63 | 15,134.33 | 14,446.15 | 14,981.34 | |||
| Expenses | 8,520.84 | 12,752.62 | 11,538.73 | 8,844.94 | 7,658.44 | |||
| Operating Profit | 5,499.29 | 1,578.01 | 3,595.60 | 5,601.21 | 7,322.90 | |||
| Other Income | 1,121.00 | 1,513.51 | 2,871.21 | 3,424.17 | 3,100.81 | |||
| Depreciation | 151.84 | 136.88 | 137.29 | 134.42 | 164.96 | |||
| Interest | 10,895.40 | 10,019.48 | 10,042.06 | 8,966.45 | 8,508.39 | |||
| Profit before tax | -4,426.95 | -7,064.84 | -3,712.54 | -75.49 | 1,750.36 | |||
| Tax | 9.42 | -2,743.76 | -1,275.71 | -242.52 | 820.60 | |||
| Net profit | -4,436.37 | -4,321.08 | -2,436.83 | 167.03 | 929.76 | |||
| EPS | -19.22 | -7.97 | -2.46 | 0.17 | 0.78 | |||
| Price to earning | -1.12 | -2.36 | -3.68 | 65.32 | 15.24 | |||
| Price | 21.60 | 18.80 | 9.05 | 11.00 | 11.85 | |||
| RATIOS: | ||||||||
| Dividend Payout | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||
| OPM | 39.22% | 11.01% | 23.76% | 38.77% | 48.88% |
FAQs
Will UCO Bank Share Price grow in 2023?
Many factors such as the bank’s performance in coming months, government decisions in banks, internal decisions by the managing authorities along with market sentiments will decide the future of UCO Bank in 2023.
As UCO Bank is a PSU bank, it is expected that all the above factors will go in favour of UCO Bank and it is expected to grow in 2023.
What is the market cap of UCO Bank?
The market capitalisation of UCO Bank is ₹32,656 crore as of March 7th, 2023.
Can UCO Bank’s share price reach ₹200?
It is not easy to pinpoint the future of UCO Bank’s share price but looking optimistically it can reach ₹200 mark by the end of 2030 or very soon after 2030.
What is UCO Bank Share Price Target 2030?
UCO bank is expected to trade in between Rs. 131.33 to Rs. 187.62 in 2030. If we compare it from the current price, we could see more than 400% jump in its share price and market cap.
What is UCO Bank Share Price Target 2025?
Maximum and minimum UCO bank share price target for 2025 is ₹76.58 and ₹44.44 respectively.
Conclusion: Should you invest in UCO Bank in 2023?
UCO Bank is a major Indian commercial bank that provides a range of banking services to its customers. Its stock has been volatile over the years but has been on a gradual uptrend.
UCO Bank’s financial performance over the last five years has been a mixed bag. Although the bank’s sales have increased over the years, it has also consistently recorded operating losses and declining net profits, which are reflected in its earnings per share (EPS) and price-to-earnings (P/E) ratios.
Additionally, the bank’s tax expenses and interest payments have been significant over the years, which have also impacted its net profit. In the last fiscal year, UCO Bank recorded a net profit of 929.76, which is an improvement from previous years, but still not a positive indication for investment.
Considering these factors, it would be difficult to give a bullish outlook on UCO Bank’s share price at the moment.
While it could potentially be a good public sector bank to hold for the long term, it’s essential to consider all the financial metrics before investing.
It would be best to wait for a sustained reversal in the bank’s financial performance and growth% before making a decision on buying UCO Bank shares.
Linkedin
