Introduction:
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 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 has over 4,300 branches and more than 89,000 employees. It provides a range of financial services, including retail banking, corporate banking, investment banking, wealth management, and insurance.
Stock History:
Union Bank’s stock has been trading on the Bombay Stock Exchange since 1923. Over the years, the stock has seen many highs and lows. The stock has had a generally positive trend since 2015, with a peak of ₹399.05 per share in October 2010. In 2021, the stock has seen a sharp decline due to the COVID-19 pandemic and is currently trading at around ₹80.50 per share.
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
- Upstox
- Groww
- AngelOne
- ICICIDirect
Union Bank of India Share Price Target 2023
At the time of writing, the Union Bank of India is trading at ₹ 80.5 with a market cap of ₹ 55,020 crore. Let us look at the year-wise target for this stock to understand the future scenarios more clearly.
According to our analysis, the Union Bank of India share price target for 2023 is ₹116.81. The share price is expected to reach this target due to various factors such as the company’s performance, the government policies affecting the banking sector, the macroeconomic environment, and market sentiments.
Union Bank of India Share Price Target 2024
The Union Bank of India share price target for 2024 is ₹163.54. This target is based on various factors such as the company’s performance, government policies, and market conditions.
Union Bank of India Share Price Target 2025 to 2030
It is difficult to predict the share price of a company for a period beyond a few years. However, based on the performance of the company and various external factors, we can make an educated guess about the share price target for the next few years.
According to our analysis, the Union Bank of India share price target for 2025 is ₹213.21. The target for 2026 is ₹267.80, and the target for 2030 is ₹418.86.
Frequently Asked Questions:
Q: Is it a good time to buy Union Bank of India shares?
Q: What factors can impact the share price of Union Bank of India?
Q: What is the dividend yield for Union Bank of India?
Q: What is the price-to-earnings (P/E) ratio for Union Bank of India?
Q: What is the market capitalization of Union Bank of India?
Conclusion:
Union Bank of India is a leading public sector bank in India with a strong presence in the retail, corporate, and investment banking sectors.
The share price of the company has had a generally positive trend in recent years, although it has been impacted by the COVID-19 pandemic.
According to our analysis, the Union Bank of India share price target for 2023 is ₹116.81, for 2024 is ₹163.54, for 2025 is ₹213.21, for 2026 is ₹267.80, and for 2030 is ₹418.86.
However, it is important for investors to conduct their own research and carefully consider their investment goals and risk tolerance before making any investment decisions.