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UCO Bank Surges To Three-Year High
Around 1.18 crore shares, or 0.1%, of the state-run lender, changed hands in nine transactions on the NSE.
22 Nov 2022, 11:49 AM IST 
Source: Fanjianhua on Freepik
Shares of UCO Bank Ltd. surged to the highest in three years after a large trade.
Around 1.18 crore shares, or 0.1%, of the state-run lender, changed hands in nine transactions on the NSE, according to Bloomberg data.
Separately, the public sector bank said that the central government has named Rajendra Kumar Sahoo, who was the chief general manager at Punjab National Bank, as the executive director of the bank for a period of three years.
Shares of the lender rose 14.48%, the most since November 2019, to Rs 21.35, while the benchmark Nifty 50 gained 0.32% on the NSE.
The total traded volume is 17.4 times the 30-day average. The relative strength index stood at 87, suggesting that the stock might be overbought.