Union Bank of India's Stock Shows Positive Performance, Outperforms Sector and Sensex

Union Bank of India, one of the leading public sector banks in India, has shown a positive performance in the stock market on 20th August 2024. The stock gained 3.29% on this day, outperforming the sector by 2.27%. MarketsMOJO, a renowned stock market analysis platform, has given a 'Hold' call for Union Bank of India's stock. In terms of price summary, the stock has been on a consecutive gain for the last 3 days and has risen by 5.99% during this period. The stock also touched an intraday high of Rs 123.8, which is a 3% increase from the previous day's closing price. However, the stock's moving averages are currently higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Investors looking for a high dividend yield can consider Union Bank of India's stock, as it currently offers a 3% dividend yield at the current price. In comparison to the overall market performance, Union Bank of India has outperformed the Sensex by 3.03% in the last 1 day and has also shown a better performance in the last 1 month with a return of -8.30% compared to Sensex's 0.20% return. Overall, Union Bank of India's stock has shown a positive trend in the stock market and has the potential to provide good returns to its investors. However, it is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.