UNIONBANK Share about to blast

13 Mar 2021

Technicals:-
Very bullish on the stock as it was consolidating from a very long time.
and has given break-out with huge volumes
We could easily expect target of 62 or more.

Fundamentals:-

• Rising Net Cash Flow and Cash from Operating activity 375.3% returns for Nifty 500 over 5.9 years
  Good quarterly growth in the recent results 254.3% returns for Nifty 500 over 4.5 years
  Effectively using its capital to generate profit - RoCE improving in last 2 years -16.8% returns for Nifty 500 over 1.9 years
  Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  Growth in Net Profit with increasing Profit Margin (QoQ)
  Increasing profits every quarter for the past 3 quarters
  Company with Zero Promoter Pledge