The Kolkata headquartered UCO bank is a mid sized public sector bank with strong branch network. The stock price of the bank used to languish at around Rs 20 till late 2006 and then went up to as high as Rs 150 in Nov 2010 an appreciation of almost 750% in 4 years. That was the time when most of the public sector banks got re-rated. But the recent correction in stock prices of majority of mid caps has made this stock again attractive from 1-2 years perspective. The stock has corrected around 28% in Feb 2013 alone.
Performance wise, the bank has grown multi-fold since past 6 years in terms of advances, deposits, incomes and profits. The EPS of the company went up from Rs 5.16 in 2008 to 16.68 in 2012 while the dividend per share went up three fold from Rs 1.00 to Rs 3.00 during the same period.
