Union Bank of India shares touched today Rs 137.40 a share today. Its 52 week high price was Rs 140.20 a share. Since Life Insurance Corporation of India (LIC) increased its stake more than 5% in Union Bank shares, it never looked back to its old price of Rs 44 a share.
Despite more than 30L sellers and buyers being just around 4L the price of shares do not fall today.
As per our researcher the rise in share price could be due to the amalgamation of Andhra Bank and Corporation Bank that has strengthened its market value.
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