Bought uco bank shares @78. What should be done now? Sell or hold?
When did you bought & if u dont mind is it a big quantity? I hope you are talking about delivery positions.
@Srinivas thanks for A2A.
I have a very minimal understanding of the financial sector but will try to add my 2 cents.
UCO Bank has posted its Q2 yesterday and below was the observations
- Total Income decreased
- Posted an increase net loss
- NPAs Increased
The numbers are quite alarming and I would not hold on to such company even one day further.
@Ashutosh_Sharma1 seems to have held it from somewhere around Oct’14 in hope that that bank will perform, which obviously is not the case looking at the stock price.
2 Likes
Around 200 share I have bought
U did not tell when did u bought ?
I bought it in 2015. Is there any chance of merger of uco bank with other psu?
Just Book Your Loss And Investment in Some other Good Stock.
I know one thing about you that you are very patience Because you are holding this stock from 2015 almost 2 years. And you Saw This stock coming down every Month But In a Hope that One day it will Reach your Buy Price and After Some years you will start getting your Profits.
I don’t see in Near future it will Reach your Buy Price.
Thanks everyone 