Union Bank of India Stock Shows Positive Trend and 'Hold' Recommendation by MarketsMOJO

Union Bank of India, one of the leading public banks in India, has seen a positive trend in its stock performance on October 28, 2024. The stock gained 3.23% on this day, outperforming the sector by 0.86%. The stock also touched an intraday high of Rs 112.05, showing a 3.46% increase.

According to MarketsMOJO, a leading stock market analysis platform, the current stock call for Union Bank of India is 'Hold'. This recommendation is based on the stock's performance and market trends.

In terms of moving averages, Union Bank of India's stock is currently higher than its 5 day moving average, but lower than its 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a mixed trend in the stock's performance.

In the public banks sector, Union Bank of India has gained 2.25%, showing a positive trend in the sector as well. Additionally, the stock has a high dividend yield of 3.32% at the current price.

Comparing the stock's performance with the overall market, Union Bank of India has outperformed the Sensex by 3.19% in the past 1 day and -9.40% in the past 1 month. This shows a strong performance by the stock, despite the overall market trend.

Overall, Union Bank of India's stock has shown a positive trend on October 28, 2024, with a strong performance and a 'Hold' recommendation by MarketsMOJO. Investors can keep an eye on the stock's performance in the coming days to make informed decisions.