Union Bank of India Q2 Results

Union Bank of India has announced the following Unaudited results for the quarter ended September 30, 2007:

The Bank has posted a net profit of Rs 2757.80 million for the quarter ended September 30, 2007 as compared to Rs 1941.60 million for the quarter ended September 30, 2006. Total Income has increased from Rs 19248.50 million for the quarter ended September 30, 2006 to Rs 25256.50 million for the quarter ended September 30, 2007.

CLSA - Thermax, Union Bank

CLSA has a BUY on Thermax with a target price of Rs 713. They have a OUTPERFORMER rating.


CLSA has a BUY on Union Bank of India with a target price of Rs 190. The Investor meetings with the management were fruitful in reassuring strong growth

Morgan Stanley - Overweight and Underweight

Overweight

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Union Bank of India

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Underweight

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