Strong Rally Propels Stock to New Heights
On 14 Jan 2026, Union Bank of India’s shares touched an intraday high of Rs.173.1, representing a 4.18% increase on the day and a notable 6.20% gain compared to the previous close. This advance outpaced the broader public sector bank sector by 3.24%, underscoring the stock’s relative strength amid mixed market conditions. The bank’s shares have recorded gains for four consecutive trading days, accumulating a total return of 6.7% during this period.
The stock’s upward trajectory is further supported by its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such technical indicators often signal sustained buying interest and positive investor sentiment, reinforcing the stock’s bullish momentum.
Market Context and Comparative Performance
While the broader market experienced a volatile session, the Sensex rebounded from an early decline of 269.15 points to close marginally higher by 0.06% at 83,675.07. Despite this modest gain, the Sensex remains approximately 2.97% below its own 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself remains above the 200-day average, indicating a cautiously positive medium-term trend.
Within this environment, small-cap stocks led the market with the BSE Small Cap index rising 0.35%. Against this backdrop, Union Bank of India’s 69.42% gain over the past year significantly outperformed the Sensex’s 9.39% rise, highlighting the bank’s strong relative performance in the public sector banking segment.
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Technical Indicators and Price Trends
The stock’s current price of Rs.173.1 is well above its 52-week low of Rs.100.75, reflecting a substantial appreciation of over 71.8% from the lowest point in the past year. This wide trading range demonstrates the stock’s strong recovery and sustained upward momentum.
Union Bank of India’s Mojo Score stands at 64.0, with a Mojo Grade of Hold as of 28 Oct 2025, following a downgrade from a previous Buy rating. The Market Cap Grade is rated at 1, indicating a relatively modest market capitalisation compared to peers. Despite the recent grade adjustment, the stock’s price action suggests continued investor confidence in its valuation and prospects within the public sector banking sector.
Sectoral and Industry Positioning
Operating within the public sector bank industry, Union Bank of India’s performance is notable given the sector’s mixed results in recent months. The bank’s ability to outperform its sector peers by over 3% on the day of the new high highlights its relative strength and resilience. This outperformance is particularly significant given the broader market’s cautious tone and the Sensex’s subdued gains.
Trading above all major moving averages, the stock’s technical setup suggests a well-supported price base, which may continue to underpin its momentum in the near term. The consistent gains over the last four sessions further reinforce this positive trend.
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Summary of Key Metrics
To summarise, Union Bank of India’s stock has demonstrated remarkable strength over the past year, with a 69.42% gain significantly outstripping the Sensex’s 9.39% rise. The recent surge to Rs.173.1 marks a new 52-week high, supported by a four-day winning streak and a 6.7% return in that span. The stock’s position above all major moving averages and its outperformance relative to the public sector bank sector by 3.24% on the day further highlight its robust momentum.
While the Mojo Grade currently stands at Hold, reflecting a cautious stance following a downgrade from Buy in late October 2025, the stock’s price action and technical indicators suggest sustained investor interest and confidence in its valuation.
Overall, Union Bank of India’s achievement of a new 52-week high underscores its resilience and capacity to generate strong returns within a competitive and evolving banking sector landscape.
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