Investment pick- Union Bank
Updated
Union bank is one of the top 5 largest PSU banks of India.
We have seen an amazing rally in PSU banks in the last couple of years on the basis of improved profitability and asset quality.
Technically, Union bank has a big scope of uptrend possible as the stock has recently broken the resistance of 100.
Positional traders can look for targets of 140, 175+ in next 6-12 months.
Stock offers a good dividend yield over 2%.
Good stock from investment point of view.Idea shared for educational purposes.
We have seen an amazing rally in PSU banks in the last couple of years on the basis of improved profitability and asset quality.
Technically, Union bank has a big scope of uptrend possible as the stock has recently broken the resistance of 100.
Positional traders can look for targets of 140, 175+ in next 6-12 months.
Stock offers a good dividend yield over 2%.
Good stock from investment point of view.Idea shared for educational purposes.
Note
129 from 108around 20% returns in 1 month
Note
T1 achieved. 145+ seen. Amazing Q3 FY24 results posted by company.
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