# Union Bank of India Shares Surge 300% in 5 Years

> Systematix raises Union Bank target to ₹215 after Q2 profit beat.
- Title: Union Bank of India Shares Surge 300% in 5 Years · mint
- Summary: Systematix raises Union Bank target to ₹215 after Q2 profit beat. Systematix raised Union Bank of India's target price to ₹215 following Q2 results that…
- Keywords: union bank of india, systematix, q2 results, target price, buy rating, net profit, provisions, net interest margin, money, business, Union, Bank
- Source: mint — https://livemint.com/market/multibagger-union-bank-of-india-shares-up-300-in-5-years-can-rally-accelerate-after-q2-results-what-systematix-say-11792490511697.html
- Author: A Ksheerasagar
- Published: 2026-10-20T10:13:18+00:00
- Read time: 1 min
- Topics: union bank of india, systematix, q2 results, target price, buy rating, net profit, provisions, net interest margin, money, business
## Systematix raises target
Systematix raised Union Bank of India's target price to ₹215 while maintaining a buy rating after quarterly profit exceeded estimates.

> We value the standalone bank at 1.1 times its FY28E adjusted book value per share of ₹ 196
## Q2 profit beat
Union Bank reported a standalone net profit of ₹5,540 crore in Q2FY27, 5.3% above estimates.
## Profit drivers
Lower provisioning costs and wider margins drove profit growth, with asset quality improving.
## Key metrics
Net interest margin expanded to 2.86%, gross non-performing assets fell to 2.42%.
## Share performance
Shares surged 300% over five years, trading 60% below 2010 peak of ₹427.
## Future outlook
Management expects interest rate hikes to support further net interest margin expansion.
## Provisioning clarity
Total additional provisioning for credit loss transition is ₹5,500 crore, equivalent to 70 basis points of CET1 capital.
## Key takeaway

Systematix raised Union Bank of India's target price to ₹215 following Q2 results that exceeded estimates by 5.3%.