Union Bank gains on block deal
DALAL STREET SPIKES
| The stock has appreciated 8.9 per cent in the past week and 19 per cent in the last month. The recent rally has been on the back of strong buying. |
| On Thursday, the counter witnessed a block deal. Moreover, investors' appetite for bank stocks has been increasing in the past few days. |
| The bank proposes to add 100 new branches to its existing 2,090 branches in the country, by the end of the current financial year. |
| Apart from new branches in northern India, it may open new branches in Doha and Hong Kong. It also plans representative offices in Dubai and Shanghai. |