Multibagger: Union Bank of India shares up 300% in 5 years; can rally accelerate after Q2 results? What Systematix say
Union Bank of India shares surged 300% over five years, with a recent quarterly profit of ₹5,540 crore exceeding estimates by 5.3%. Systematix raised its target price to ₹215, citing improved asset quality and lower provisions. Investors should watch for further developments as the bank focuses on enhancing its current account and savings account business.