UNIONBANK - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | UNIONBANK | Market Cap | 1,35,779 Cr. | Current Price | 178 ₹ | High / Low | 205 ₹ |
| Stock P/E | 7.40 | Book Value | 165 ₹ | Dividend Yield | 2.67 % | ROCE | 6.72 % |
| ROE | 17.1 % | Face Value | 10.0 ₹ | DMA 50 | 179 ₹ | DMA 200 | 157 ₹ |
| Chg in FII Hold | 0.28 % | Chg in DII Hold | 0.21 % | PAT Qtr | 5,017 Cr. | PAT Prev Qtr | 4,249 Cr. |
| RSI | 43.9 | MACD | -1.38 | Volume | 1,08,03,224 | Avg Vol 1Wk | 1,19,58,019 |
| Low price | 112 ₹ | High price | 205 ₹ | PEG Ratio | 0.15 | Debt to equity | 10.3 |
| 52w Index | 70.5 % | Qtr Profit Var | 8.97 % | EPS | 24.1 ₹ | Industry PE | 7.57 |
📊 Analysis: UNIONBANK shows moderate intraday potential today. RSI at 43.9 indicates neutral-to-weak momentum, while MACD (-1.38) remains slightly bearish. Volume (1.08 crore) is below the 1-week average (1.19 crore), suggesting reduced participation. The stock is trading near its 50 DMA (179 ₹) and above its 200 DMA (157 ₹), reflecting short-term consolidation with medium-term strength. Fundamentals remain supportive with strong profit growth and attractive dividend yield, though high leverage is a concern.
💹 Optimal Buy Price: 176–179 ₹ (near current support zone).
🎯 Profit-Taking Levels: 185 ₹ (first resistance), 192–195 ₹ (next resistance zone).
🛑 Stop-Loss: 172 ₹ (protective support).
📈 If Already Holding: Exit intraday if price fails to sustain above 176 ₹ with weakening momentum or volume. Protective exit below 172 ₹. Book partial profits near 185–195 ₹ if momentum sustains.
Positive
- EPS at 24.1 ₹, ROE 17.1% shows profitability.
- Quarterly PAT improved (5,017 Cr. vs 4,249 Cr.), showing growth.
- Dividend yield at 2.67% provides investor confidence.
- FII holdings increased (+0.28%) and DII holdings also rose (+0.21%).
- PEG ratio at 0.15 indicates undervaluation relative to growth.
Limitation
- MACD negative (-1.38), limiting bullish confirmation.
- Volume below average, reducing intraday momentum.
- High debt-to-equity ratio (10.3) indicates leverage risk.
- ROCE at 6.72% is relatively weak compared to peers.
Company Negative News
- Stock has corrected from 52-week high of 205 ₹.
- High leverage remains a structural concern.
Company Positive News
- Quarterly profits improved by 8.97%, showing operational strength.
- Institutional support increased (FII +0.28%, DII +0.21%).
- Dividend yield remains attractive at 2.67%.
Industry
- Industry PE at 7.57, while UNIONBANK trades at 7.40, indicating fair valuation.
- PSU banking sector remains cyclical but supported by credit growth and government backing.
Conclusion
⚖️ UNIONBANK earns a moderate intraday rating (3.8). Strong fundamentals, profit growth, and institutional support are positives, but bearish MACD, weaker volume, and high leverage limit upside. Best strategy: Buy near 176–179 ₹, target 185–195 ₹, and protect downside at 172 ₹. Intraday traders should remain cautious and book profits quickly.
Selva, UNIONBANK looks steadier than UCOBANK with stronger institutional support. Would you like me to prepare a basket overlay comparing UNIONBANK with peers like Canara Bank, Bank of Baroda, and Indian Bank to see if intraday capital rotation favors UNIONBANK or stronger PSU banking setups?