Systematix raised its Union Bank of India target price to ₹215 and maintained a buy rating after quarterly profit exceeded estimates. Profit rose 30.3% year on year, supported by lower provisions and wider margins, while asset quality improved. The shares remain about 60% below their 2010 peak.
Systematix raised its Union Bank of India target price to ₹215 and maintained a buy rating after quarterly profit exceeded estimates. Profit rose 30.3% year on year, supported by lower provisions and wider margins, while asset quality improved. The shares remain about 60% below their 2010 peak.
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