Union Bank of India Outperforms Sector Amid Broader Market Recovery

Union Bank of India has shown notable activity today, with its stock price increasing by 3.06% on March 21, 2025. This performance has allowed the bank to outperform its sector by 0.99%. The stock reached an intraday high of Rs 122.3, reflecting a gain of 2.64% during the trading session.
In terms of moving averages, Union Bank of India is currently positioned above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The bank also boasts a high dividend yield of 3.02% at the current price, indicating a steady return for shareholders.

The broader market has experienced a significant recovery today, with the Sensex rebounding sharply after a negative opening. Currently, the Sensex is trading at 76,928.90, up by 0.76%. In comparison to the Sensex, Union Bank of India has demonstrated strong performance metrics over various time frames, including a 7.85% increase over the past week and a remarkable 209.57% rise over the last three years. However, it has faced challenges over the past year, with a decline of 16.17%.