Union Bank of India is a public-sector banking and financial services company headquartered in Mumbai, India. It is one of the oldest and largest public sector banks in India and is government-owned.
It was established in 11th November, 1919 and is currently the fourth largest public sector bank in India, after the State Bank of India, Bank of Baroda, and Punjab National Bank.
Union Bank of India has over 8,700 branches, 11000 ATMs, 161 million customers and more than 76,600 employees.
It provides a range of financial services, including retail banking, corporate banking, investment banking, wealth management, and insurance.
Union Bank of India Stock History
Source: Google Finance
Union Bank of India’s stock has been trading on the Bombay Stock Exchange since 2002.
Over the years, the stock has seen many highs and lows.
The stock has had a generally positive trend till 2010, with a peak of ₹413.80 per share on 22nd October 2010, and since then the stock has been mostly trending downwards.
However, in May 2020, the bank started its upward trend journey, and it up more than 300% in 30 months.
In 2021, the stock has seen a sharp decline due to the COVID-19 pandemic but has now recovered, and today, as on 5th March, 2023, the stock is currently trading at around ₹74.25 per share.
Union Bank of India in recent news
- Union Bank of India reported a two-fold increase in its Q3 profit, reaching Rs 2,245 crore.
- Sany Bharat signs MoU with Union Bank of India.
- Union Bank is likely to sell 780 cr INR of Additional Tier 1 bonds to raise capital.
- Union Bank of India has increased interest rates on home loans and other loans.
How to buy Union Bank of India shares?
Union Bank of India’s shares is available to purchase through both online and offline stockbrokers. To purchase shares online, investors can open a trading account with a stockbroker. Once the account is opened, they can deposit funds and start trading. To purchase shares through an offline broker, investors can visit the nearest branch of a stockbroker and fill out an application form. After the application is approved, they can purchase shares of Union Bank of India.
Some of the online platforms to buy Union Bank’s shares are:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
Union Bank of India Share Price Target 2023 to 2030
At the time of updating this article, the Union Bank of India is trading at ₹ 72.80 with a market cap of ₹49,650 crore. Let us look at the year-wise target for this stock to understand the future scenarios more clearly.
Union Bank of India Share Price Target 2023 is ₹116.81
| When | Maximum Price | Minimum Price |
| March 2023 | ₹79.30 | ₹65.23 |
| April 2023 | ₹71.83 | ₹55.25 |
| May 2023 | ₹59.86 | ₹46.05 |
| June 2023 | ₹71.83 | ₹55.25 |
| July 2023 | ₹86.20 | ₹66.31 |
| August 2023 | ₹94.82 | ₹72.94 |
| September 2023 | ₹99.56 | ₹76.58 |
| October 2023 | ₹94.82 | ₹72.94 |
| November 2023 | ₹104.30 | ₹80.23 |
| December 2023 | ₹116.81 | ₹89.86 |
The share price of any stock depends on various factors such as the company’s performance, the government policies affecting that sector, the macroeconomic environment, market sentiments, etc. Considering all of the above factors, we could say that the Union Bank of India has a rising future.
And with that said, we can predict per share to reach ₹116.81 by December 2023. The stock has the potential to grow by 50% in this year.
The reason we are positive about the growth is the strong financials Union bank has been posting recently. The income statement looks very positive and growing. The bank experienced significant growth compared to the same period in the previous year. The revenue for December 2022 was INR 93.23 billion, which represents an increase of 17.92% YoY. The operating expenses for the period were INR 57.46 billion, up by 6.81% YoY. However, the net income for December 2022 increased significantly by 110.10% YoY to INR 22.64 billion.
The net profit margin of the bank also showed significant improvement, increasing by 78.14% YoY to 24.28%. The earnings per share for December 2022 stood at INR 3.28, indicating an impressive growth rate of 106.29% YoY. These financial indicators suggest that Union Bank of India had a strong performance in December 2022, with the bank’s revenue and net income showing notable growth.
Union Bank of India Share Price Target 2024 is ₹163.54
| Union Bank of India Share Price Prediction 2024 |
Maximum Price | Minimum Price |
| January 2024 | ₹122.96 | ₹94.59 |
| February 2024 | ₹138.16 | ₹115.13 |
| March 2024 | ₹145.43 | ₹118.24 |
| April 2024 | ₹132.21 | ₹101.70 |
| May 2024 | ₹110.17 | ₹84.75 |
| June 2024 | ₹132.21 | ₹101.70 |
| July 2024 | ₹112.38 | ₹87.11 |
| August 2024 | ₹123.62 | ₹98.11 |
| September 2024 | ₹129.80 | ₹99.84 |
| October 2024 | ₹152.70 | ₹117.46 |
| November 2024 | ₹160.34 | ₹123.34 |
| December 2024 | ₹163.54 | ₹125.80 |
The Union Bank of India share price is expected to show growth in the coming years with a bullish outlook. The minimum and maximum prices predicted for each month of 2024 vary, with the lowest being ₹84.75 in May and the highest being ₹163.54 in December. The average growth predicted for the year is approximately 120% compared to the current price of ₹74.5.
While there may be fluctuations in the market, it is believed that the Union Bank of India share price has the potential to reach its maximum target of ₹163.54 by the end of the year.
Union Bank of India Share Price Target 2025 is ₹198.38
| When | Maximum Price | Minimum Price |
| January 2025 | ₹166.81 | ₹128.32 |
| February 2025 | ₹175.59 | ₹135.07 |
| March 2025 | ₹184.37 | ₹141.83 |
| April 2025 | ₹164.62 | ₹126.63 |
| May 2025 | ₹149.65 | ₹115.12 |
| June 2025 | ₹164.62 | ₹126.63 |
| July 2025 | ₹156.78 | ₹120.60 |
| August 2025 | ₹163.31 | ₹125.63 |
| September 2025 | ₹171.48 | ₹131.91 |
| October 2025 | ₹181.77 | ₹139.82 |
| November 2025 | ₹194.49 | ₹149.61 |
| December 2025 | ₹198.38 | ₹152.60 |
As of now, there has been light visible on the path of Union Bank of India at least until 2025. So, we can predict that the per-share price could reach ₹198.38 by the end of 2025. Minimum price target for UBI shares in 2025 is ₹115.12.
Union Bank of India Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹138.87 | ₹97.21 |
| 2027 | ₹118.04 | ₹82.63 |
| 2028 | ₹212.47 | ₹148.73 |
| 2029 | ₹436.44 | ₹305.51 |
| 2030 | ₹486.03 | ₹340.22 |
The market experts expect the share price of Union Bank of India to fall drastically in 2026 and 2027. Hence the share price of Union Bank would reach as low as ₹82.63 by 2027.
But there is an expected rise in the market in the next year, and hence in 2028, the share price would reach ₹212.47. Climbing further, it would reach ₹436.44 by the end of 2029 and finally would end 2030 at a price of ₹486.03.
Union Bank of India Financial Condition: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | |||
| Sales | 32,951.57 | 34,313.67 | 37,479.22 | 69,311.46 | 68,229.66 | |||
| Expenses | 21,181.09 | 19,018.63 | 21,165.70 | 36,270.45 | 32,264.44 | |||
| Operating Profit | 11,770.48 | 15,295.04 | 16,313.52 | 33,041.01 | 35,965.22 | |||
| Other Income | 5,462.08 | 5,041.71 | 5,789.27 | 14,306.72 | 13,524.41 | |||
| Depreciation | 368.23 | 373.82 | 417.20 | 908.15 | 744.81 | |||
| Interest | 23,470.90 | 23,896.09 | 25,836.81 | 44,112.40 | 40,178.47 | |||
| Profit before tax | -6,606.57 | -3,933.16 | -4,151.22 | 2,327.18 | 8,566.35 | |||
| Tax | -1,385.93 | -999.75 | -1,110.39 | -500.84 | 3,357.84 | |||
| Net profit | -5,212.47 | -2,922.35 | -3,120.89 | 2,863.40 | 5,265.32 | |||
| EPS | -44.60 | -16.58 | -9.12 | 4.47 | 7.70 | |||
| Price to earning | -2.11 | -5.77 | -3.15 | 7.62 | 5.02 | |||
| Price | 94.00 | 95.60 | 28.70 | 34.05 | 38.70 | |||
| RATIOS: | ||||||||
| Dividend Payout | 0.00% | 0.00% | 0.00% | 0.00% | 24.66% | |||
| OPM | 35.72% | 44.57% | 43.53% | 47.67% | 52.71% |
Union Bank of India Share Price Target (by Experts)
ICICI Direct: ICICI Direct recommends buying Union Bank of India with a target price of Rs 91.
Motilal Oswal: Motilal Oswal has advised to buy Union Bank with a target price of ₹100 per share.
Invesco Mutual Fund: Invesco Mutual Fund has acquired a new holding in United Bank of India, and experts predict that the share price of Union Bank of India may reach ₹95 per share.
Also read:
FAQs
Will Union Bank of India share price grow in 2023?
There are many factors deciding the future such as the performance of the bank, internal decisions by the management authorities, the macroeconomic environment, market sentiment, etc.
Considering all of the above, as Union Bank of India is a PSU bank, the odds are in favour of it for the year 2023. So, yes, the per-share price would grow in 2023.
Can Union Bank’s share price reach ₹500?
Yes, the share price of Union Bank of India could reach ₹500 around the end of 2030 or soon after that.
What is the market cap of the Union Bank of India?
The market capitalisation of Union Bank of India is ₹50,650 crore as of February 5th, 2023.
What is the share price target of Union Bank of India in 2025?
Maximum and minimum Union Bank of India share price target for 2025 is ₹198.38 and ₹115.12 respectively. For anyone who would be purchasing UBI shares today, can expect their portfolio to go up by a minimum 53% in next 3 years.
What is the share price target of Union Bank of India for 2030?
Union Bank of India shares is expected to trade between ₹340.22 to ₹486.03 in 2030.
Conclusion
The Union Bank of India has been a reliable and long-standing contributor to the Indian economy. Over the years, the stock has seen its fair share of ups and downs. UBI has been able to lower the NPA drastically, and improve profits and revenue. They posted a healthy profit of Rs 2,245 crore in the last quarter.
With the economy gradually recovering, it’s expected that the stock will continue to rise in the near future. If the current trend continues, the Union Bank of India’s share price could reach ₹486.03 per share by 2030. This would be an excellent long-term investment opportunity for those looking for returns.
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