Stock market analyst DD Sharma of Anand Rathi Securities has maintained 'buy' rating on UCO Bank Limited stock for long term.

According to analyst, the investors can buy the stock at current levels for 30-50% returns in a period of 12 months.

The stock of the company, on Oct 06, closed at Rs 127.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 131.25 and a low of Rs 49 on BSE.

Public sector lender UCO Bank has inked a deal with top auto maker, Toyota Kirloskar Motors in order to offer up competent auto loaning facilities to its prospective clients.

A MoU has been inked between UCO Bank and Toyota Kirloskar in this regard.

With an eye to strengthen credit offtake during the festive period, the bank has rolled out a `Festival Bonanza Offer` for borrowers. The plan would be in position from September 06 to December 31.

Under this plan, UCO Bank would provide loans at concessional interest rates and relinquish processing and documentation costs.

UCO Bank has announced home loans at a interest rate of 8.25% annually for the first year, 8.75% the second year and 9% the third year.