UCO Bank stock made multiple attempts to in the past breach the resistance zone of Rs 18-19 but it failed to do so. The ongoing breakout seems genuine, said analysts
RBI continues to rise the repo rate from previous financial quarters in tranches. As a result, banks hike the FD rate. Following suit, UCO Bank also hikes the rate and launches two special FD schemes. Find out the new rates and key details about the newly launched plans by going through his article.
Shares of UCO bank were last trading 2.97 per cent higher at Rs 13.94 on the BSE.
Share price of UCO Bank gained more than three per cent on Friday, May 28, a day after the bank announced its January-March quarter results for the financial year 2020-21. On Friday, UCO bank opened on the BSE at Rs 13.61, swinging to an intra day high of Rs 14.06, and an intra day low of Rs 13.45, in the trading session so far. According to a regulatory filing by the bank to the stock exchanges, UCO Bank reported a net profit of Rs 80.03 crore in the fourth quarter of the fiscal year 2020-21.