Ujjivan Small Finance Bank share: As the world witnessed a record-breaking rise in the market, a few banks or bank shares experienced an increase in activity on Thursday.
The same thing happened to those shares belonging to Ujjivan Small Finance Bank Ltd (NSE: UJJIVANSFB). The cost that this share has is lower than Rs 50.
But, experts believe the price of shares could go upwards to 50 rupees within the next few days.
What Is The Price Now?
Ujjivan Small Finance Bank Ltd’s share is trading at Rs 43. At the same time, a brokerage firm has given a buy rating on this share.
This means that you have been recommended to purchase. In addition, the target price of 50 rupees is established for the share.
We will tell you that in the month of December 2023, this share climbed to 62.99 rupees.
This is the 52-week high of the stock. Then that was happening, in June 2024 the price of shares dropped to 40 rupees.
The Top Of The Experienced Investors
Concerning the shareholding arrangement for Ujjivan Small Finance Bank Ltd, the investor also holds a stake. The stake of the promoters in the company is zero and a 100% stake is held by the public shareholders.
Among the public shareholders, the investor holds 2,06,22,093 shares or 1.07 percent stake.
A Boom In Deposits
According to the data published in the report by Ujjivan Small Finance Bank Ltd, deposits increased by 22% to 32,500 crore rupees in the period April-June.
The total loan book of the bank was up 19% over the past year to reach 30,091 crore rupees during the first quarter of 2018, whereas it was 25,326 crore rupees during the same time in the year before.
The bank announced loan disbursements in the amount of 5,305 crore rupees against 5,284 rupees in the previous year’s period.
In the same way as also, the CASA ratio – the percentage of deposits that are savings and current accounts with low costs increased to 25.6 % from 24.6 % in the previous period.
Quick Fact
Company name: Ujjivan Small Finance Bank
| Company name | Ujjivan Small Finance Bank |
|---|---|
| Current Price | ₹43 |
| Possible target price | ₹50 |
| Recommendation | Buy |
| Promoter Stake | 0% |
| Public Stake | 100% |
| Key Investor Stake | 2,06,22,093 shares (1.07%) |
| Deposit Growth | 22% increase to ₹32,500 crore |
| Loan Book Growth | 19% increase to ₹30,091 crore |
| Loan Disbursements | ₹5,305 crore |
| CASA Ratio | Increased to 25.6% from 24.6% |
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