India's UCO Bank rises on higher Q2 profit

UCO Bank

21/10/2024 08:19

** Shares of UCO Bank  UCBK.NS  rise about 2% to 46.50
rupees
    ** Lender reports a 50% jump in Sept-qtr net profit to 6.03
billion rupees ($71.8 million) on higher interest income
    ** Gross non-performing assets as percentage of total loans
improved to 3.18% from 3.32% in the previous qtr
    ** Stock only gainer today in the 12-member Nifty PSU index
 .NIFTYPSU 
    ** Busiest session for UCBK since early Aug; more than 14.3
mln shares change hands, over three times the 30-day avg 
    ** Stock up ~17% YTD vs ~16 gain in PSU index

($1 = 84.0380 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))