UBI (BSE: 532477) dropped over 6per cent following Moody’s down grades

UBI (BSE: 532477) dropped over 6per cent and hitted monthly higher of Rs215.15, following  Moody’s down grades Union Bank of India’s ratings, To date, 1.12 lakh stocks have exchanged on the  Bombay Stock Exchange compared to the two-week avg volume of 0.76 lakh stocks.

Moody’s Investors Service has down graded by one_notch (D from D+) the ratings for UBI (BSE: 532477).

This is due to UBI’s weaker fiscal analytics in particular, its higher level of troubled assets, and lower provision coverage. This is unfavorable for UBI (BSE: 532477) and we continue to preserve hold_rating on the share.

Be Sociable, Share!
Tags: , , ,

Stock Market Basics For Beginners

Economic Times

Economic Times Economic Times is India biggest daily business newspaper. Economic Times furthermore stood 2nd place in entire world following the Wall Street Journal. Economic Times was ...…

Intraday Trading

Intraday Trading This site provide intra tips  Subscribe For Indra day F&O – Shart term investment  Tips   Every trader is tempted about how Intraday trading can be carried ...…

Online Stock Trading Guide

Online Stock Trading Guide Online stock trading is becoming very popular in the current time when you only requirea trading account and following that you could buy and sell ...…

Stock Splits

Stock Splits [ad name="468x15- 5 link"] what is a stock split? A stock split is really a procedure helpful to enhance the number of stocks in order to issue ...…

Definition for Share

Definition for Share The Certificates representing one unit of ownership in a mutual fund, corporation and limited partnership, the share has a certain declared face value, ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics