Union Bank of India drops for fifth straight session

Union Bank of India fell for a fifth straight session today. The stock is quoting at Rs 123.13, down 0.17% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 25153.45. The Sensex is at 82172.16, up 0.47%.Union Bank of India has eased around 8.72% in last one month.Meanwhile, Nifty PSU Bank index of which Union Bank of India is a constituent, has eased around 6.38% in last one month and is currently quoting at 6954.1, up 0% on the day. The volume in the stock stood at 66.88 lakh shares today, compared to the daily average of 109.45 lakh shares in last one month.

The PE of the stock is 6.68 based on TTM earnings ending June 24.