Union Bank of India Hits Intraday High with 3.47% Surge on 28 Jan 2026

Intraday Trading Highlights

On 28 January 2026, Union Bank of India (Stock ID: 998049) recorded a significant intraday rally, touching a high of ₹181.10, which represents a 3.16% gain over the prior session’s close. The stock closed the day with a 3.47% increase, outperforming the Public Sector Bank sector by 1.01% and the Sensex by nearly 3 percentage points. This marks the second consecutive day of gains, with the stock delivering a cumulative return of 4.86% over this period.

Trading volumes and price action indicated strong buying interest throughout the session, pushing the stock closer to its 52-week high of ₹182.95, now just 1.02% away. The sustained upward momentum was supported by the stock trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a broad-based technical uptrend.

Market Context and Sector Comparison

The broader market environment on the day was positive, with the Sensex opening flat but gaining momentum to close 410.95 points higher at 82,303.31, a 0.54% rise. Despite the Sensex remaining 4.68% below its 52-week high of 86,159.02, mega-cap stocks led the rally, providing a supportive backdrop for banking stocks including Union Bank of India.

While the Sensex was trading below its 50-day moving average, the 50DMA itself remained above the 200DMA, indicating a medium-term bullish bias. Against this backdrop, Union Bank of India’s outperformance was notable, with a one-day gain of 3.50% compared to the Sensex’s 0.51% rise. Over the past week, the bank’s stock has advanced 5.30%, significantly outpacing the Sensex’s 0.45% increase.

Performance Across Time Horizons

Union Bank of India’s recent price action is part of a longer-term upward trajectory. The stock has delivered a 1-month return of 20.89%, a 3-month gain of 23.61%, and a year-to-date increase of 18.14%. These figures stand in stark contrast to the Sensex, which has declined by 3.25% over one month, 2.78% over three months, and 3.46% year-to-date.

Over a one-year period, the bank’s stock has surged 64.21%, vastly outperforming the Sensex’s 8.40% gain. The three-year and five-year returns are even more pronounced, with Union Bank of India appreciating 142.43% and 515.93% respectively, compared to the Sensex’s 38.67% and 75.52% over the same periods. This long-term strength underscores the stock’s resilience and sustained investor confidence.

Technical and Fundamental Ratings

Union Bank of India currently holds a Mojo Score of 78.0, reflecting a strong buy rating. This represents an upgrade from a previous Hold grade as of 28 October 2025. The stock’s Market Cap Grade is rated 1, indicating a large-cap status with significant market presence. These ratings are consistent with the stock’s recent price appreciation and technical positioning above all major moving averages.

Summary of Trading Action and Market Position

Union Bank of India’s strong intraday performance on 28 January 2026 reflects a combination of technical strength and favourable market conditions. The stock’s ability to maintain gains above all key moving averages and close near its 52-week high highlights robust buying interest. Its outperformance relative to the Sensex and sector peers further emphasises its current market leadership within the public sector banking space.

With a Mojo Grade upgraded to Buy and a high Mojo Score, the stock’s technical and fundamental indicators align with the observed price momentum. The bank’s consistent gains over multiple time frames, including short-term and long-term horizons, demonstrate sustained investor confidence and market support.

Overall, Union Bank of India’s trading session on 28 January 2026 stands out as a clear example of strong intraday momentum backed by solid technical credentials and favourable market dynamics.

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