UCO Bank - A Value Buy

CMP: 103


UCO Bank provides a full range of banking services throughout India. UCO Bank operates over 1,700 banking branches in India, as well as four branches in overseas locations.

UCO Bank is an excellent mid-cap value buy. Its currently valued at a P/E of little over 5 which makes it very attractive. Its Revenues, PAT and NPM have grown consistently over the last 5 years. It has a decent NPM of 10% which has grown from 5% over a period of years. Its pretty high dividend yields of 1.5% in the last year adds value to the stock as well. Buy, accumulate on dips and hold for long term gains.

[UCO Bank] falls 9% as Q4 net profit dips 41%

The net profit of the bank declined by 40.52% to Rs225.90 crore for the quarter ended March 31, 2011 as compared to Rs379.80 crore for the quarter ended March 31, 2010.
The total income increased by 24.93% to Rs3,360.55 crore for the quarter ended March 31, 2011 from Rs2,690 crore for the quarter ended March 31,

The present stand of uco bank is 98.65

0.45.hey some analysts of hionstocks said uco bank is worth buying.

Originally Posted by nutasha

The present stand of uco bank is 98.65

0.45.hey some analysts of hionstocks said uco bank is worth buying.

Yes, you are correct. UCO Bank Results disappointed this quarter. Good part is, Revenues still grew 24.93% and PAT should come back up. Its a value buy with low P/E and its a good buy in the next 3 months. No need to hurry. It will give good prices to enter. Good long term bet.

Cheers!