Technical Analyst Salil Sharma is bullish on UCO Bank and maintained 'buy' rating on the stock to achieve an intraday target of Rs 69.

According to him, interested traders can purchase the stock with a stop loss of Rs 61.

The shares of the bank, on April 22, closed at Rs 63.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 65 and a low of Rs 28.40 on BSE.

UCO Bank has declared that a conference of its directors will take place on April 26, 2010, inter alia, to consider and adopt the Audited Financial Results of the bank for the twelve month period ended on March 31, 2010 and also to announce dividend, if any.

UCO Bank, formerly United Commercial Bank, set up in 1943, is the oldest and major commercial banking institution of the country.

UCO Bank has its existence in all sectors of the economic system comprising industry, agriculture, infrastructure division, service segment and trade & commerce. The bank functions towards becoming one of the most dependable financial institution plus the most in demand terminus for the clients and capitalists.

UCO Bank has a large number of Service Units situated across the nation as well as abroad. These also comprise specialized and computerized divisions. The bank also carries out Forex Business in over 50 centers across India with 4 Forex Dealing Operations centers.