United Bank rises after reducing base rate - The New Indian Express

United Bank rises after reducing base rate

Published: 18th March 2014 06:19 PM

Last Updated: 18th March 2014 06:19 PM

United Bank of India, a state-owned lender,gained on Tuesday after the bank decided to reduce the base rate from 10.50% to 10.25% from Mar. 24, 2014. Shares ofthe companysettled at Rs 27.85, up Rs 0.85, or 3.15% at the Bombay Stock Exchange (BSE) on Tuesday.The scrip has touched an intra-day high of Rs 28.50 and low of Rs 27.60. The total volume of shares traded at the BSE is 125,307.In the earlier session, the shares declined 0.37%, or Rs 0.1, at Rs 27. Currently, the stock is trading down 56.38% from its 52-week high of Rs 63.85 and above 19.02% over the 52-week low of Rs 23.40.

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