Buy UBI With Stop Loss Of Rs 105

Buy UBI With Stop Loss Of Rs 105Stock market analyst Pankaj Jain of Satguru Capital has maintained 'hold' rating on United Bank Of India Ltd stock.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 105.

Mr. Jain added that the structure of this stock looks positive.

Today, the stock of the bank opened at Rs 113.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week a low of Rs 66.10 on BSE.

The different biz sections of Union Bank of India comprise treasury operations, retail banking processes, business wholesale banking and other banking functions.

The different types of deposits provided by the banking institution consist of savings bank deposits, current deposits, current and savings account (CASA) deposits, and term deposits.

The bank's advances range consists of big business advances; micro, small and medium enterprises advances; agriculture advances, and retail advances.

Its retail advances comprise home loan, vehicle loan, education and other retail loans.

The banking institution possesses a 51% equity interest in Union KBC Asset Management Company Pvt. Ltd.

As on March 2010, it ran 2,805 divisions and 2,327 ATMs.