Union Bank Share Price Target Tomorrow 2024 To 2030- Market Overview, Income Statement

Union Bank of India Ltd is one of India’s largest public sector banks, offering a wide range of financial services to individuals, businesses, and institutions. Established in 1919, the bank has grown its presence across the country, providing services like savings and current accounts, loans, insurance, and digital banking solutions. Union Bank Share Price on NSE as of 17 October 2024 is 111.60 INR. Here will provide you more details on Union Bank Share Price Target 2024, 2025, 2026 to 2030.

Union Bank of India Ltd: Market Overview

• Open Price: ₹112.46
• High Price: ₹113.83
• Low Price: ₹110.70
• Previous Close: ₹111.96
• Volume: 10,159,094
• Value (Lacs): ₹11,330.44
• VWAP: ₹111.66
• UC Limit: ₹134.35
• LC Limit: ₹89.56
• P/E ratio: 5.80
• Div yield: 3.23%
• 52-wk high:₹ 172.50
• 52-wk low: ₹91.25
• Mkt cap: ₹85.14KCr
• Face Value: ₹10

Union Bank Share Price Chart

Union Bank Share Price Target Tomorrow 2024 To 2030

Union Bank Share Price Target 2024

Union Bank share price target 2024 Expected target could be ₹170. Here are three key factors affecting the growth of Union Bank’s share price target for 2024:

• Banking Sector Reforms and Policies: Union Bank’s growth will be influenced by government reforms, interest rate adjustments, and policy changes by the Reserve Bank of India (RBI). Favorable monetary policies and government support for public sector banks can boost investor confidence, driving share price growth.
• Credit Growth and Asset Quality: Union Bank’s ability to expand its loan portfolio while maintaining a low level of non-performing assets (NPAs) will be a key growth driver. Strong credit demand and improved asset quality can enhance profitability, positively impacting the share price.

• Digital Transformation and Innovation: The bank’s focus on digital banking solutions, technological upgrades, and expansion of services through mobile apps and online platforms can attract more customers and investors. Effective digital initiatives will help improve efficiency and contribute to long-term growth.

Union Bank Share Price Target 2025

Union Bank share price target 2025 Expected target could be ₹225. Here are three key factors affecting the growth of Union Bank’s share price target for 2025:

• Economic Growth and Lending Demand: Union Bank’s performance will be closely tied to India’s economic growth. A strong economy will boost demand for loans in sectors like infrastructure, agriculture, and small businesses, leading to higher revenues for the bank and a positive impact on its share price.
• Capital Adequacy and Fundraising: The bank’s ability to maintain or enhance its capital adequacy ratio, through fundraising or government support, will be crucial for growth. Strong capital reserves allow Union Bank to meet regulatory requirements and expand its lending capacity, improving investor sentiment.

• Mergers and Acquisitions: Any potential mergers, partnerships, or strategic acquisitions involving Union Bank in 2025 could significantly impact its growth prospects. Successful integration of such initiatives can improve market share, operational efficiency, and profitability, contributing to the rise in its share price.

Union Bank Share Price Target 2030

Union Bank share price target 2030 Expected target could be ₹375. Here are three key factors that could affect the growth of Union Bank’s share price target for 2030:

• Digital Transformation and Technological Advancements: By 2030, Union Bank’s success will depend heavily on its ability to adapt to digital banking trends. Investments in technology, such as online banking platforms, mobile apps, and fintech partnerships, will enhance customer experience, reduce operational costs, and drive growth.
• Asset Quality and Non-Performing Assets (NPAs): Effective management of non-performing assets will be crucial for long-term growth. If Union Bank can reduce its NPAs through better risk management and credit monitoring, it will boost profitability and improve investor confidence, positively affecting its share price.

• Regulatory and Economic Environment: Changes in banking regulations, interest rates, and government policies will play a key role. A favorable regulatory environment and steady economic growth in India will support Union Bank’s expansion in lending, deposits, and other financial services, leading to steady growth in its share price by 2030.

Shareholding Pattern For Union Bank of India Ltd

• Promoters: 74.76%
• FII: 6.89%
• DII: 11.23%
• Public: 7.12%

For more details follow the official webpage: https://www.unionbankofindia.co.in/english/home.aspx

Union Bank of India Ltd Financials

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