UCO Bank Experiences Surge in Trading Activity Amid Sector Outperformance

UCO Bank, a prominent player in the public sector banking industry, has shown significant activity in the stock market today. The bank's shares, trading under the symbol UCOBANK, recorded a total traded volume of 20,241,426 shares, with a total traded value of approximately Rs 64.33 crore. The stock opened at Rs 31.29 and reached an intraday high of Rs 32.44, reflecting a gain of 4.71% during the trading session. The last traded price stood at Rs 31.95.
In terms of performance, UCO Bank has outperformed its sector by 2.59%, marking a consecutive gain over the last two days with a total return of 4.2% in this period. The stock's performance today also contrasts with the broader market, as the Sensex recorded a slight decline of 0.02%. Notably, the delivery volume on May 16 surged to 681,600 shares, a 70.07% increase compared to the five-day average, indicating rising investor participation.

UCO Bank's market capitalization is approximately Rs 40,126.59 crore, categorizing it as a large-cap stock. Overall, the bank's stock performance today reflects a robust trading activity and positive momentum within the public sector banking space.