Intraday Performance and Price Movement
On the trading day, Union Bank of India’s shares slipped to an intraday low of ₹173.35, marking a 4.04% decrease from its prior close. The stock closed the day down by 4.35%, underperforming its public sector banking peers and the broader market indices. This decline was sharper than the Bank - Public sector’s overall fall of 3.09% and notably steeper than the Sensex’s modest dip of 0.22%.
The stock’s performance contrasted with its recent upward momentum, as it remains positioned near its 52-week high of ₹183.4, currently just 4.06% away. Despite this proximity to its yearly peak, the day’s trading saw the stock retreat from short-term highs, influenced by immediate selling pressures.
Technical Indicators and Moving Averages
From a technical standpoint, Union Bank of India’s share price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, signalling a generally positive medium- to long-term trend. However, the stock is trading below its 5-day moving average, indicating short-term weakness and a potential cooling off after recent gains. This divergence between short- and longer-term averages suggests that while the broader trend remains intact, immediate sentiment has turned cautious.
The intraday low and closing price below the 5-day average highlight the pressure from sellers in the near term, possibly reflecting profit-taking or reaction to sectoral and market-wide developments.
Sector and Market Context
The public sector banking segment, in which Union Bank of India operates, faced a downturn with a 3.09% decline on the day. This sectoral weakness contributed to the stock’s underperformance. The broader market also showed signs of retreat after an initially positive opening. The Sensex opened 119.19 points higher but reversed course to close 304.06 points lower at 82,084.91, a 0.22% decline. The index remains 4.96% below its 52-week high of 86,159.02, indicating some underlying caution among investors.
Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself remains above the 200-day moving average, suggesting a mixed technical picture for the broader market. This environment of moderate market volatility and sectoral pressure has weighed on Union Bank of India’s shares.
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Comparative Performance Over Various Timeframes
Despite the intraday setback, Union Bank of India’s longer-term performance remains robust. Over the past month, the stock has gained 13.11%, significantly outperforming the Sensex’s 3.19% decline. Its three-month return stands at 20.65%, compared to the Sensex’s negative 2.88%. Over the past year, the bank’s shares have surged 54.66%, far exceeding the Sensex’s 6.79% rise.
Year-to-date, the stock has appreciated 11.67%, while the Sensex has declined 3.81%. Over three and five years, Union Bank of India’s returns of 128.70% and 453.14% respectively, dwarf the Sensex’s 37.77% and 77.11% gains. These figures underscore the stock’s strong relative performance despite short-term volatility.
Mojo Score and Rating Update
Union Bank of India currently holds a Mojo Score of 78.0, reflecting a positive outlook based on a combination of fundamental and technical factors. The stock’s Mojo Grade was upgraded from Hold to Buy on 28 Oct 2025, signalling improved confidence in its prospects. The Market Cap Grade remains at 1, indicating a smaller market capitalisation relative to peers, which may contribute to its price sensitivity in volatile market conditions.
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Market Sentiment and Immediate Pressures
The intraday decline in Union Bank of India’s share price reflects a combination of sectoral weakness and broader market sentiment. The public sector banking segment’s 3.09% fall indicates selling pressure within the industry, which likely influenced the stock’s performance. Additionally, the Sensex’s reversal from an early gain to a negative close suggests cautious investor sentiment amid mixed economic signals or profit-taking.
The stock’s dip below its 5-day moving average points to short-term selling momentum, possibly triggered by traders responding to technical resistance or broader market fluctuations. While the stock remains well above longer-term moving averages, this short-term pressure highlights the sensitivity of Union Bank of India’s shares to immediate market dynamics.
Summary of Key Metrics
To summarise, Union Bank of India’s share price on 1 Feb 2026:
- Touched an intraday low of ₹173.35, down 4.04%
- Closed the day with a 4.35% decline
- Underperformed the Bank - Public sector’s 3.09% fall and the Sensex’s 0.22% decline
- Remains 4.06% below its 52-week high of ₹183.4
- Trading below its 5-day moving average but above longer-term averages
- Mojo Score of 78.0 with a Buy rating upgraded on 28 Oct 2025
These figures illustrate the stock’s current price pressure amid a cautious market environment, despite its strong relative performance over longer periods.
Conclusion
Union Bank of India’s intraday low and overall decline on 1 Feb 2026 reflect immediate price pressures influenced by sectoral weakness and broader market sentiment. While the stock remains technically supported by longer-term moving averages and retains a positive Mojo Grade, the short-term trading environment has introduced volatility and selling momentum. Investors and market participants will likely monitor the stock’s ability to regain momentum above its short-term averages amid ongoing market fluctuations.
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