Union Bank of India Hits Intraday High with 3.02% Surge on 23 Feb 2026

Intraday Trading Highlights

On 23 Feb 2026, Union Bank of India demonstrated notable strength by touching a new 52-week high of Rs 200.2, representing a 3.2% increase from its previous close. The stock's day change stood at 3.02%, significantly outperforming the Sensex, which gained 0.63% on the same day. This marks the second consecutive day of gains for the bank, with a cumulative return of 5.49% over this period.

The stock's performance today also exceeded the Public Sector Bank sector average by 1.55%, underscoring its relative strength within the industry. Trading volumes and price action indicated sustained demand, pushing the price above key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day marks, signalling a strong technical uptrend.

Market Context and Comparative Performance

The broader market environment was positive, with the Sensex opening 92.12 points higher and climbing further by 425.66 points to close at 83,332.49, a 0.63% gain. Despite this rally, the Sensex remained 3.39% below its own 52-week high of 86,159.02. Notably, the Sensex was trading below its 50-day moving average, although the 50DMA itself was positioned above the 200DMA, indicating a mixed but cautiously optimistic market trend.

Union Bank of India’s outperformance is particularly striking when viewed against the Sensex’s recent returns. Over one day, the bank’s stock rose 2.68% compared to the Sensex’s 0.63%. Over one week, the bank gained 8.76% while the Sensex was nearly flat at 0.07%. The one-month performance showed a 15.34% increase for Union Bank versus 2.20% for the Sensex, and over three months, the bank surged 32.01% while the Sensex declined by 2.23%.

Longer-Term Performance Metrics

Union Bank of India’s recent gains form part of a sustained upward trajectory. Year-to-date, the stock has appreciated by 29.52%, contrasting with the Sensex’s decline of 2.21% over the same period. Over one year, the bank’s stock has delivered a remarkable 72.10% return, far outpacing the Sensex’s 10.65% gain.

Looking further back, the three-year performance shows a 193.16% increase for Union Bank compared to 39.81% for the Sensex, while the five-year return stands at an impressive 413.40%, dwarfing the Sensex’s 67.50% rise. Over a decade, the bank’s stock has grown by 78.33%, though this is more modest relative to the Sensex’s 255.97% gain during the same timeframe.

Mojo Score and Rating Update

Union Bank of India currently holds a Mojo Score of 81.0, categorised as a Strong Buy. This represents an upgrade from its previous Buy rating, effective from 2 Feb 2026. The bank’s Market Cap Grade is rated at 1, reflecting its status as a large-cap entity within the public sector banking space. These metrics align with the stock’s recent price strength and technical indicators.

Technical Indicators and Moving Averages

The stock’s price action today confirmed its position above all major moving averages, including the short-term 5-day and 20-day averages, as well as the longer-term 50-day, 100-day, and 200-day averages. This technical alignment suggests a robust upward momentum and a positive trend across multiple time horizons.

The intraday high of Rs 200.2 marks a significant milestone, representing a fresh 52-week peak and signalling strong investor confidence in the stock’s current trajectory.

Sector and Market Leadership

Within the Public Sector Bank industry, Union Bank of India’s performance today stands out as a leading example of strength. The sector itself has seen positive momentum, supported by broader market gains led by mega-cap stocks. The Sensex’s advance of 0.63% was driven primarily by large-cap leaders, yet Union Bank’s outperformance highlights its distinct momentum among peers.

The bank’s ability to sustain gains above key technical levels and outperform both sector and benchmark indices reflects a strong market positioning and investor focus on its current price action.

Summary of Key Price Movements

To summarise, Union Bank of India’s stock price today:

• Reached an intraday high of Rs 200.2, a new 52-week peak
• Gained 3.02% on the day, outperforming the Sensex by 2.39 percentage points
• Maintained a positive trend for two consecutive days with a 5.49% return over this period
• Remained above all major moving averages, confirming strong technical momentum
• Continues to show superior returns over multiple time frames compared to the Sensex

These factors collectively underscore the stock’s strong intraday performance and sustained upward momentum within the current market environment.

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