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Union Bank of India share price: Shares of Union Bank of India in Wednesday's trade plunged nearly 6 per cent after the lender's Q1 business update for the ongoing fiscal year. As we write after plunging to day's low of Rs 141, traded with a cut of over 3 per cent at Rs 144.8 per share on the BSE.

The lender's total global business grew 5 per cent, while global deposits surged 3.6 per cent on-year. Domestic CASA deposits also grew 0.9 per cent on-year to Rs 4.03 lakh crore, while global gross advances surged 6.8 per cent on-year to Rs 9.74 lakh crore.

Furthermore, in its annual report, the bank highlighted its way forward and listed near, medium and long term goals for value creation.

The banker as part of its short-term value creation strategy is aiming at expanding its green financing portfolio and also is working to launch advanced AI-powered banking services. For te medium term i.e. between FY27-28, the bank is looking at pioneerig in integrated ESG banking solutionsm attemptiong to become India’s leading sustainable finance bank.

Further as part of this long term goals for FY2030 and beyond, the banker is looking to achieve net zero in operations ahead of 2035 target, Lead market in climate risk management and achieve sustainable development goals alignment.

Drumil Vithlani, Technical Research Analyst  at Bonanza said, "Union Bank of India is currently consolidating within a defined range of ₹159–₹138, indicating a sideways trend in the near term. Until a decisive breakout on either side occurs, the view remains range-bound."

He added that from an indicator perspective, the Relative Strength Index (RSI) is trading below the midpoint, signaling a lack of directional momentum. Traders holding positions may consider maintaining them with a strict stop loss below ₹138, while fresh directional trades should be avoided unless the range is breached decisively

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