UCO Bank Share Price Target: 2024, 2025 to 2030

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.

UCO bank Q3 Results highlights

  • UCO Bank’s Q3 net profit declines by 23% YoY to Rs 503 crore.
  • Operating profit drops to Rs 1119 crore due to increased expenses.
  • Net interest margin remains at 2.84%, with marginal rise in net interest income to Rs 1,988 crore.
  • Provisions of Rs 277 crore made during the quarter; Rs 105 crore set aside for IMPS glitch recovery.
  • Provisions for bad loans decrease to Rs 116 crore, improving asset quality.
  • Gross non-performing assets ratio falls 178 basis points to 3.85%.

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.4o to Rs.50.55 in 2024.

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 2024

When Maximum Price Minimum Price
February 2024 55.00 47.83
March 2024 56.12 48.80
April 2024 54.49 47.38
May 2024 53.68 46.68
June 2024 55.62 48.36
July 2024 55.06 47.88
August 2024 57.26 49.79
September 2024 59.55 51.78
October 2024 58.38 50.77
November 2024 60.14 52.29
December 2024 61.64 53.60

In February 2024, UCO Bank’s stock is projected to attain a maximum valuation of 55.00, with a corresponding minimum valuation of 47.83. Subsequently, as the year unfolds, the market anticipates fluctuations in the stock prices, culminating in a peak of 61.64 and a trough of 53.60 in December 2024. The comprehensive outlook for UCO Bank suggests a dynamic trajectory marked by diverse price ranges throughout the calendar year.

UCO Bank Share Price Target 2025

When Maximum Price Minimum Price
January 2025 ₹52.45 ₹40.34
February 2025 ₹53.79 ₹41.38
March 2025 ₹55.89 ₹42.99
April 2025 ₹54.79 ₹42.15
May 2025 ₹53.20 ₹40.92
June 2025 ₹55.59 ₹42.76
July 2025 ₹54.50 ₹41.92
August 2025 ₹56.19 ₹43.22
September 2025 ₹58.15 ₹44.73
October 2025 ₹59.67 ₹45.90
November 2025 ₹61.16 ₹47.04
December 2025 ₹62.69 ₹48.22

In 2025, UCO Bank’s share price is anticipated to witness a fluctuating trajectory. The monthly maximum prices range from ₹52.45 to ₹62.69, while the corresponding minimum prices vary between ₹40.34 and ₹48.22. This forecast highlights potential market volatility, emphasizing the need for stakeholders to closely track the evolving trends throughout the year.

UCO Bank Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2026 ₹65.82 ₹46.08
2027 ₹72.40 ₹50.68
2028 ₹101.37 ₹50.68
2029 ₹87.76 ₹43.88
2030 ₹114.09 ₹79.86

Over the next five years, UCO Bank’s share price is projected to undergo significant fluctuations. Starting at a maximum of ₹65.82 and a minimum of ₹46.08 in 2026, the prices are forecasted to escalate to ₹114.09 (maximum) and ₹79.86 (minimum) by 2030. These predictions suggest a potential rise in value, reaching its peak in 2030, but with intermittent market volatility, underscoring the importance of careful monitoring for investors and stakeholders during this period.

UCO Bank Financial Condition: Last 5 years

Year Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Revenue
(Rs Crore)
14,331 15,134 14,446 14,981 17,651
Interest
(Rs Crore)
10,019 10,042 8,966 8,508 10,307
Expenses+
(Rs Crore)
12,753 11,539 8,845 7,658 6,729
Fin. Profit
(Rs Crore)
-8,441 -6,446 -3,365 -1,185 614
Oth. Inc
(Rs Crore)
1,514 2,871 3,424 3,101 2,508
Deprec.
(Rs Crore)
137 137 134 165 218
PBT
(Sales Crore)
-7,065 -3,713 -75 1,750 2,905
Net Profit
(Rs Crore)
-4,321 -2,437 167 930 1,862
EPS Rs -7.97 -2.46 0.17 0.78 1.56
Div. Payout % -0% -0% -0% -0% -0%

Over the past five years, UCO Bank’s financial performance has witnessed notable dynamics. From fiscal year 2019 to 2023, the bank’s revenue exhibited a consistent growth pattern, reaching ₹17,651 Crore in March 2023. However, the journey was marked by challenges, evident in a fluctuating financial profit, which improved from a significant loss of ₹8,441 Crore in 2019 to a positive figure of ₹614 Crore in 2023. Other income sources, though varying, contributed positively, reflecting resilience.

Despite a negative profit before tax (PBT) in 2019 and 2020, UCO Bank displayed a remarkable turnaround, achieving a PBT of ₹2,905 Crore in March 2023. The net profit trajectory also improved from a loss of ₹4,321 Crore in 2019 to a gain of ₹1,862 Crore in 2023, showcasing a positive trend. The earnings per share (EPS) climbed from -7.97 in 2019 to a notable 1.56 in 2023, signaling positive momentum in the bank’s financial health. Despite the absence of dividend payouts during this period, these financial indicators suggest a potential turnaround and positive outlook for UCO Bank.

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FAQs

Will UCO Bank’s Share Price grow in 2024?

Many factors such as the bank’s performance in the coming months, government decisions in banks, internal decisions by the managing authorities along market sentiments will decide the future of UCO Bank in 2024.

As UCO Bank is a PSU bank, it is expected that all the above factors will go in favor of UCO Bank and it is expected to grow in 2024.

What is the market cap of UCO Bank?

The market capitalization of UCO Bank ₹60,437 is crore as of February 5th, 2024.

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 2035 or very soon after 2030.

What is UCO Bank Share Price Target 2030?

UCO bank is expected to trade between Rs. ₹79.86 to Rs. ₹114.09 in 2030.

What is UCO Bank Share Price Target 2025?

The maximum and minimum UCO bank share price target for 2025 is ₹₹62.69 and ₹₹42.15 respectively.

Conclusion

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Author: Aryan Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me.

2 Comments

  1. santosh kumar July 19, 2023 Reply
    • Sanjib August 20, 2023 Reply

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