The PSU bank hit a fresh 52-week high of Rs 161.85 – a level last seen in December 2017. The stock remained flat in the past month but has risen more than 20% in the last 3 months.
The floor price is at a marginal premium compared to the previous day s closing price of Rs 141.1. The bank also announced the opening of the issue on February 20.
Union Bank of India share price rose as much as 6.8 percent to its intraday high of ₹150.70. It is now just 3 percent away from its 52-week high of ₹155.30, hit on February 5, 2024, and has surged 150 percent from its 52-week low of ₹60.32, hit on March 28, 2023.