Multibagger: Union Bank of India shares up 300% in 5 years; can rally accelerate after Q2 results? What Systematix say

Systematix raised its Union Bank of India target price to ₹215 and maintained a buy rating after quarterly profit exceeded estimates. Profit rose 30.3% year on year, supported by lower provisions and wider margins, while asset quality improved. The shares remain about 60% below their 2010 peak.Systematix raised its Union Bank of India target price to ₹215 and maintained a buy rating after quarterly profit exceeded estimates. Profit rose 30.3% year on year, supported by lower provisions and wider margins, while asset quality improved. The shares remain about 60% below their 2010 peak.