Union Bank of India Shows Resilience Amidst Market Volatility and Sector Declines

Union Bank of India has shown notable activity today, gaining 3.46% on May 9, 2025. The stock opened lower, down 2.38%, but quickly rebounded, reaching an intraday high of Rs 119.85, reflecting a 3.81% increase. This performance allowed Union Bank of India to outperform its sector by 4.36%, highlighting its resilience amidst broader market fluctuations.
In the context of the market, the Sensex experienced a significant gap down opening, dropping 1,366.47 points before recovering by 778.05 points, currently trading at 79,746.39, down 0.73%. Despite the challenges, Union Bank of India’s performance over the past day stands at 3.16%, contrasting with the Sensex's decline of 0.79%.

The bank's stock is currently positioned above its 100-day moving averages but remains below its 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, it boasts a high dividend yield of 3.12% at the current price, indicating a strong return for shareholders. Over the long term, Union Bank of India has demonstrated impressive growth, with a 233.61% increase over the past three years and a remarkable 400.42% rise over the last five years.