Shares of UCO Bank has slumped after the bank posted a sharp drop in net profit for the third quarter ended December 31, 2012.
The company has posted a net profit of Rs 102.47 crore for the quarter ended December 31, 2012 - a decrease of 69% from the corresponding previous quarter at Rs 332.55 crore. Total income, however, has increased from Rs 3973.62 crore to rs 4360.88 crore in the same period - a jump of around 9%.
Shares of UCO Bank opened at Rs 70.15 and slumped after the company came out with their numbers. The stock slipped to a low of Rs 66.50 - down 6.7% from the day's high. Around 1.24 million shares have changed hands on the counter so far, as against a two week daily traded average of 3,79,000 shares on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app