My Investment Idea — 3

UCO Bank(NSE: UCOBANK, BSE: 532505)

Fundamental highlights

• Profit for previous 12 months of 104Cr
• A CASA ratio of 38.91% (access to low-cost funds for business)
• The current stock price(13.6) is below its book value of 16.1
• Reported highest quarterly profits in the last 12 quarters, also the last 5 quarters have been positive as compared to the 7 negative quarters before that
• Reported a positive annual profit after 5 years
• Promoters(President of India) recently increased their holdings by 0.95%

Technical highlights

• Inverse head and shoulders pattern has developed on the daily chart

Targets

• Book value of 16.1(17.95% upside in the short-term)
• 17.5 (28.01% upside in the short-term)

References

• Screener
• Trading View

This article is only for educational purposes. It should not be considered financial advice. Please do your own analysis or consult a financial professional before making any significant financial decisions.