Union Bank of India slipped 1.65% to Rs 128 at 14:01 IST on BSE, with the stock falling on profit booking after recent upmove.
Meanwhile, the S&P BSE Sensex was down 50.18 points or 0.25% at 21,139.81
On BSE, so far 3.18 lakh shares were traded in the counter as against average daily volume of 7.97 lakh shares in the past one quarter.
The stock hit a high of Rs 132.15 and a low of Rs 127.55 so far during the day. The stock had hit a 52-week high of Rs 288 on 2 January 2013. The stock had hit a 52-week low of Rs 97.10 on 29 August 2013.
The stock had outperformed the market over the past one month till 27 December 2013, rising 11.81% compared with the Sensex's 3.79% rise. The scrip also outperformed the market in past one quarter, gaining 12.83% as against Sensex's 7.43% rise.
The large-cap state-run bank has equity capital of Rs 596.79 crore. Face value per share is Rs 10.
Shares of Union Bank of India had gained 9.6% in five trading days to Rs 130.15 on 27 December 2013 from a recent low of Rs 118.75 on 19 December 2013.
Union Bank of India's net profit dropped 62.5% to Rs 208.12 crore on 18.4% growth in total income to Rs 7882.29 crore in Q2 September 2013 over Q2 September 2012.
The Government of India (GoI) holds 57.89% stake in Union Bank of India (as per the shareholding pattern as on 30 September 2013).
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