Union Bank of India share price has been a hot topic among investors lately, and for good reason. As the bank holds onto its second place in the EASE reform rankings, many are wondering what the Union Bank of India share price target for 2023 to 2030 will look like. With the stock market constantly fluctuating, it can be difficult to determine if Union Bank of India is a good auto stock to buy.
In this article, we will take a closer look at the Union Bank of India share price target and what factors are influencing it in order to determine whether or not it is a good investment opportunity.
About the Company
Union Bank of India is a premier Indian banking institution that was established in 1919. It is one of the largest public sector banks in India and is a major player in the Indian banking sector. The bank provides a full range of banking products and services, including savings accounts, current accounts, fixed deposits, loans, insurance, and investments. It also provides international banking services, including remittances and foreign exchange services. It operates over 16,100 branches throughout the country, as well as a network of more than 11,000 ATMs. The bank is a part of the Union Bank Group and is listed on the Bombay Stock Exchange.
Stock history of Union Bank of India
Union Bank of India stock has been traded on the Bombay Stock Exchange (BSE) since 1985. Since then, the stock has been highly volatile, with periods of both strong and weak performance. In the early 2000s, the stock price of Union Bank of India was at its peak, as the Indian economy was growing rapidly. In 2008, the stock price fell sharply due to the global financial crisis, and it continued to remain low for a few years. In 2013, the stock bounce back, and the price has been steadily increasing since then.
Currently, the stock price of Union Bank of India is around ₹75, which is higher than the peak price of a few years ago.
Latest news about Union Bank of India
➤ Union Bank of India is seeking candidates for 42 managerial roles.
➤ The Union Bank of India has held onto its second place in the EASE reform rankings.
How to buy Union Bank of India shares?
- To purchase Union Bank of India shares, you must first open a trading account with a broker. You can open an online trading account with a broker like Zerodha, Angel Broking, or 5paisa.
- Once you have opened your trading account, you will need to deposit funds into it. This can be done through internet banking, credit/debit cards, or through UPI.
- Next, you must search for Union Bank of India shares on the broker’s platform.
- Once you have found the shares, you can enter the quantity and price you wish to buy them at.
- Once your order is placed, you will be required to pay the necessary fees and taxes. 6. Once the transaction is completed, you will own Union Bank of India shares.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Union Bank of India: 2023 to 2030
Share Price Target 2023 of Union Bank of India is ₹102.64
| When | Maximum Price | Minimum Price |
| January 2023 | ₹75.00 | ₹53.37 |
| February 2023 | ₹76.50 | ₹58.85 |
| March 2023 | ₹57.38 | ₹44.13 |
| April 2023 | ₹63.11 | ₹48.55 |
| May 2023 | ₹52.59 | ₹40.46 |
| June 2023 | ₹63.11 | ₹48.55 |
| July 2023 | ₹75.74 | ₹58.26 |
| August 2023 | ₹83.31 | ₹64.08 |
| September 2023 | ₹87.47 | ₹67.29 |
| October 2023 | ₹83.31 | ₹64.08 |
| November 2023 | ₹91.64 | ₹70.49 |
| December 2023 | ₹102.64 | ₹78.95 |
Union Bank of India has seen a steady increase in its share prices over the past few years. The stock has gained 13 percent in the past one year and is currently trading at Rs. 75 (as of January 2023). The Union Bank of India share price is predicted to have an uptrend in 2023, with a growth percentage ranging from 15% to 25%. The maximum price is expected to reach ₹102.64 in December 2023, while the minimum price is predicted to be ₹53.37 in January 2023. The share price is expected to remain bullish throughout the year, with the highest growth percentage in August and November 2023.
Share Price Target 2024 of Union Bank of India is ₹143.69
| When | Maximum Price | Minimum Price |
| January 2024 | ₹108.04 | ₹83.11 |
| February 2024 | ₹121.39 | ₹101.16 |
| March 2024 | ₹127.78 | ₹103.89 |
| April 2024 | ₹116.16 | ₹89.36 |
| May 2024 | ₹96.80 | ₹74.46 |
| June 2024 | ₹116.16 | ₹89.36 |
| July 2024 | ₹98.74 | ₹76.54 |
| August 2024 | ₹108.61 | ₹86.20 |
| September 2024 | ₹114.04 | ₹87.73 |
| October 2024 | ₹134.17 | ₹103.21 |
| November 2024 | ₹140.88 | ₹108.37 |
| December 2024 | ₹143.69 | ₹110.53 |
The Union Bank of India share price is predicted to experience continued growth in 2024, with the maximum price expected to reach ₹143.69 in December 2024 and the minimum price predicted to be ₹74.46 in May 2024.
Throughout the year, the share price is expected to remain bullish with a growth percentage ranging from 20% to 30%. The highest growth is predicted to occur in October and November 2024.
Share Price Target 2025 of Union Bank of India is ₹174.30
| When | Maximum Price | Minimum Price |
| January 2025 | ₹146.57 | ₹112.75 |
| February 2025 | ₹154.28 | ₹118.68 |
| March 2025 | ₹162.00 | ₹124.61 |
| April 2025 | ₹144.64 | ₹111.26 |
| May 2025 | ₹131.49 | ₹101.15 |
| June 2025 | ₹144.64 | ₹111.26 |
| July 2025 | ₹137.75 | ₹105.96 |
| August 2025 | ₹143.49 | ₹110.38 |
| September 2025 | ₹150.67 | ₹115.90 |
| October 2025 | ₹159.71 | ₹122.85 |
| November 2025 | ₹170.89 | ₹131.45 |
| December 2025 | ₹174.30 | ₹134.08 |
The Union Bank of India share price is predicted to maintain its upward trend in 2025, with the maximum price expected to reach ₹174.30 in December 2025 and the minimum price predicted to be ₹101.15 in May 2025. Throughout the year, the share price is expected to remain bullish with a growth percentage ranging from 15% to 25%. The highest growth is predicted to occur in November 2025.
Union Bank of India Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹122.01 | ₹85.41 |
| 2027 | ₹103.71 | ₹72.60 |
| 2028 | ₹186.68 | ₹130.68 |
| 2029 | ₹383.47 | ₹268.43 |
| 2030 | ₹427.05 | ₹298.93 |
The Union Bank of India share price may continue to rise in the future due to improved performance, higher demand for services, and increased market capitalization. It is expected that the price of the bank’s shares could reach its all-time high of Rs. 427.05 in the next five years. Moreover, the market capitalization is expected to increase over the same period. It is likely that the bank’s stock will remain attractive to investors and will continue to generate strong returns in the long run.
Financial Condition of Union Bank of India: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 32,951.57 | 34,313.67 | 37,479.22 | 69,311.46 | 68,229.66 |
| Expenses | 21,181.09 | 19,018.63 | 21,165.70 | 36,270.45 | 32,264.44 |
| Operating Profit | 11,770.48 | 15,295.04 | 16,313.52 | 33,041.01 | 35,965.22 |
| Other Income | 5,462.08 | 5,041.71 | 5,789.27 | 14,306.72 | 13,524.41 |
| Depreciation | 368.23 | 373.82 | 417.20 | 908.15 | 744.81 |
| Interest | 23,470.90 | 23,896.09 | 25,836.81 | 44,112.40 | 40,178.47 |
| Profit before tax | -6,606.57 | -3,933.16 | -4,151.22 | 2,327.18 | 8,566.35 |
| Tax | -1,385.93 | -999.75 | -1,110.39 | -500.84 | 3,357.84 |
| Net profit | -5,212.47 | -2,922.35 | -3,120.89 | 2,863.40 | 5,265.32 |
| EPS | -44.60 | -16.58 | -9.12 | 4.47 | 7.70 |
| Price to earning | -2.11 | -5.77 | -3.15 | 7.62 | 5.02 |
| Price | 94.00 | 95.60 | 28.70 | 34.05 | 38.70 |
| RATIOS: | |||||
| Dividend Payout | 0.00% | 0.00% | 0.00% | 0.00% | 24.66% |
| OPM | 35.72% | 44.57% | 43.53% | 47.67% | 52.71% |
The financial statement of Union Bank of India from the past five years shows a significant improvement in the company’s growth and profitability. The sales revenue has shown an upward trend from 32,951.57 in March 2018 to 68,229.66 in March 2022.
This growth of revenue has been supported by a corresponding increase in operating profit, which has increased from 11,770.48 in March 2018 to 35,965.22 in March 2022, an impressive increase of over 200%. Other income sources such as interest and other income have also shown a considerable rise, with a maximum growth of 200% in interest and 156% in other income.
Although the net profit of the company has fluctuated over the years, with a minimum of -5,212.47 in March 2018, the company has been able to consistently maintain a positive PAT with a maximum of 5,265.32 in March 2022.
The percentage growth of the company’s net profit has increased by around 100% over the past five years, indicating steady growth in the company’s profitability. The OPM of the company has also shown improvement, with a maximum of 52.71% in March 2022.
The company’s dividend payout has increased significantly, with a maximum of 24.66% in March 2022. These figures suggest that Union Bank of India has shown steady growth in its profitability and has a promising future ahead.
FAQS
Will the share price of Union Bank of India increase in 2023?
It is anticipated that Union Bank of India per share price will increase to ₹102.64 by the end of 2023.
What is the share price target of Union Bank of India for 2025?
The share price target of Union Bank of India for 2025 is ₹174.30.
What is the share price target of Union Bank of India for 2030?
The per share price of Union Bank of India might reach around ₹427.05 by the end of 2030.
What is Union Bank of India current market value?
As of January 2023, the Union Bank of India stock price is ₹75, with a market capitalisation of 512.95 billion INR.
Also read:
Tata Steel Share Price Target: 2023 to 2030.
L&T Share Price Target: 2023 to 2030.
LTI Mindtree Share Price Target: 2023 to 2030.
Conclusion
The Union Bank Share Price Target for 2023 to 2030 shows a steady increase in the share price, which is a positive sign for the company’s long-term financial health. This trend suggests that the company is on track to achieve its goals and is likely to reward its investors with higher returns in the future. The company’s share price is expected to continue to rise as the company continues to make strategic investments and expand its operations. Therefore, it is safe to conclude that the Union Bank Share Price Target of Union Bank of India is likely to reach around ₹427.05 by the end of 2030.
