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Union Bank upgraded to strong buy on valuation metrics

after close1 source ↓written by the desknot a recommendation

of India
13.3

Union Bank of India received a strong buy rating following a valuation upgrade from attractive to very attractive. The bank's PE ratio is 7.09, significantly lower than peers like State Bank of India at 13.3. Additionally, a dividend yield of 2.76% enhances its appeal for investors seeking capital appreciation and steady income. 📈

This upgrade reflects the bank's strong financials and undervaluation relative to its earnings potential, making it an attractive option in the current market.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Feb 2026, 16:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

UNIONBANK closed +0.1% on the day of the news, from ₹177.92 to ₹178.13; Nifty +0.2% over the same session; futures OI −5.5%.

Bulletin at 16:09 IST on 5 Feb 2026. Every change is measured from ₹177.92, the last close before it, on 5 Feb. Nifty 50 is measured over the same sessions.

  • UNIONBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
UNIONBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it158.49177.92197.35axis spans 25%before the news · 5 Feb177.92Nifty 50UNIONBANKbulletinD0+1+3+51 Feb11 Feb20 FebFutures open interest, lotspeak 17,000Reference close ₹177.92. 16 sessions from 1 Feb to 20 Feb; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before5 Feb₹177.92basebase
On the day6 Feb₹178.13▲ +0.1%▲ +0.2%−0.1 pp difference
+1 session9 Feb₹179.98▲ +1.2%▲ +0.9%+0.3 pp difference
+3 sessions11 Feb₹180.33▲ +1.4%▲ +1.2%+0.1 pp difference
+5 sessions13 Feb₹178.87▲ +0.5%▼ −0.7%+1.2 pp difference
Gap at the open, % · ₹
▼ −0.2%−0.43 on 6 Feb
Day's range, % · ₹
2.3%≈ 4.1 high to low
Volume on the day
0.43×the 20-session average
Futures OI on the day
▼ −5.5%−820 lots · short covering · price +0.1%
Futures OI open, lots
14,0006 Feb · 24 Feb expiry
Futures premium, ₹
+0.53+0.3% to spot
Puts per call, by OI
0.66from 0.62 the session before
Max pain
178from 178 the session before

Source NSE UDiFF bhavcopy · UNIONBANK on the desk →

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