NEW DELHI: Shares of Union Bank of India traded 0.54 per cent up in Monday 's trade at 10:10AM (IST).

Around 598685 shares changed hands on the counter. The stock opened at Rs 27.8 and touched an intraday high and low of Rs 27.95 and Rs 27.75 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 100.4 and a 52-week low of Rs 25.3 .

The bank plans to pare its holding to less than 10 per cent in insurance joint venture IndiaFirst Life Insurance by virtue of the mega bank consolidation exercise.

Financials
Union Bank of India, incorporated in the year 1919, is a banking company (having a market cap of Rs 22344.61 Crore).

Union Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 23771.92 Crore to Sales Value (69.78 % of Total Sales), Income From Investment which contributed Rs 9003.34 Crore to Sales Value (26.42 % of Total Sales) and Interest which contributed Rs 90.12 Crore to Sales Value (0.26 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 86.74955 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of -2.54 and price to book value of 0.18 .