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Monday, 1 August 2016

UCO Bank To Raise 775 cr. by selling share to indian Government

UCO Bank has informed BSE that the board of directors considered the proposal for issue of equity shares to Government of India against their proposed contribution of 775 crore towards equity capital. 
UCO Bank ended at 43.75,down by 0.23 or 0.57% from its previous closing of RS.44 on the BSE 
The scrip opened at 44.4% and touched a high and low of 43.5 respectively.A total of share were traded on the counter. The current market cap of the company is 5724.65 crore.
The BSE group 'A' stock of face value RS 10 touched at 52 week high of RS 57.05 on agu-2015 and 52 week low of Rs 27.8 o Feb-2016. last one week high and low of the scrip stood at RS. 45.1 and Rs 42.8 respectively. 
The promoters holding in the company stood 77.54% while Institution and Non- Institutions held 14.26% and 8.21 5 respectively. 
The Stock traded  above its 200 DMA.