Union Bank of India Share Price Today: Live Updates and Trading Decline Insights
The Stock Performance for Today
The share price of Union Bank of India has decreased by 6.01% as of today, January 6, 2025. After closing at ₹124.05 yesterday, the stock is currently trading at ₹116.6 per share. Investors should closely monitor the stock in the following days to see how it responds to market developments.
Key Highlights of Previous Trading Day
Opening Price: ₹123
Closing Price: ₹121.35
Day’s High: ₹126.85
Day’s Low: ₹122.35
Market Capitalization: ₹94,702.51 crore
52-Week High: ₹172.45
52-Week Low: ₹106.55
BSE Trading Volume: 648,609 shares
Today’s Performance and Peer Trends
Union Bank’s share price has fallen by 7.01%, currently trading at ₹115.35. The drop is consistent with patterns seen in its competitors, which have also experienced declines today, including Punjab National Bank, Indian Overseas Bank, Canara Bank, and IDBI Bank.
The main indices, the Nifty and the Sensex, had little declines of 0.13% and 0.14%, respectively, during this time.
Analysis of Volume and Support
The shares of Union Bank has risen over its crucial daily support level of ₹117.37, suggesting strong selling pressure and possible further loss.
Yesterday, the stock had 18 million shares traded, which is 62.45% more than the 20-day average of 11.24 million shares.
Price Patterns Over Time
Union Bank’s share price has increased by a negligible 0.01% over the last 12 months, to ₹117.95.
The Nifty index, on the other hand, increased by 10.57% over the same time frame, hitting 24,004.75.
Target Prices and Analyst Ratings
Consensus Score: Purchase
The average target price is ₹149.0, which is 20.11% more than the going rate.
Key Support and Resistance Levels: ₹125.0 for the lowest target price and ₹180.0 for the highest target price
The following are the stock’s key support and resistance levels on the daily timeframe, as determined by the traditional pivot table analysis:
Assistance: ₹117.37
Resistance: Future rising advances may encounter resistance at higher price levels, according to technical indications and trading trends.
Summary
In summary, the share price of Union Bank of India has significantly dropped today, indicating a pessimistic outlook for the market. Analysts maintain a bullish long-term outlook, with a significant upside potential based on target price projections, despite technical indicators suggesting possible short-term negative. Before making decisions, investors should carefully consider market events and stock fluctuations.