Buy UNION BANK OF INDIA at 160 for short term target of 200 - 210.
Here is the reason for this call.
At the time where almost all the sectors are laying off the jobs, UBI has decided to employ 5000+ employees in next 5 months. The UBI has received an approval from the Reserve Bank of India for opening 539 branches across the country. UBI has also started Mobile Banking as per the new norms framed by the RBI.
