Emkay Global said Union Bank managed to report a 11 per cent PAT beat at Rs 5,017 crore, mainly due to lower provisions.
The Net Interest Income (NII), the difference between interest earned and interest expended, came in at Rs 9,328 crore, marking a modest rise of 1 per cent from Rs 9,240 crore in the year-ago period.
Axis Securities said that City Union Bank is in a strong uptrend across all time frames, forming a series of higher tops and bottoms.
Nuvama expects YES Bank to sees inflows of 55.2 crore shares worth $140 million, which would be equivalent to 6.1 times average daily volume. Union Bank is seen attracting $109 million in inflows.
An analyst from YES Securities said that Adani Power is witnessing profit booking, suggesting a possible correction or consolidation in its uptrend, after a strong rally from Rs 120 to Rs 182.
Nuvama noted that speculation about a potential FII limit hike has circulated for several years, though its timing remains uncertain.
An analyst from Master Capital Services said that Union Bank has shown a bullish breakout from a rectangular channel on the upside, supported by strong momentum in banking stocks.
SBI is seen as major beneficiary with $466 million in passive inflows, as its current FII holding stands roughly at 10 per cent. Indian Bank could be fresh inclusion to MSCI indices and may attract $177 million inflows.
An analyst from Master Capital Services said that City Union Bank has shown a strong technical setup with prices giving a decisive breakout above the falling trendline resistance.
SBI leads the pack. The country’s largest lender picked up 6 million shares (3% stake) at just ₹2 apiece, spending ₹1.20 crore.
Union Bank: The public sector bank's total business as of June 30, 2025, stood at Rs 22.14 lakh crore, marking a 1.80 per cent drop from Rs 22.55 lakh crore in the March quarter.
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