Ujjivan Small Finance Bank Share: A Roller Coaster Ride in the Stock Market
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Ujjivan Small Finance Bank’s share witnessed a decline in Thursday’s trading session, falling by 2% to ₹54.51. The bank had recently released its quarterly results for December, which increased selling pressure on the shares. Currently, Ujjivan’s share is trading above the 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages.
However, on Monday (January 29, 2024), the share showed some recovery, increasing by 1.39% and reaching ₹55.4. The bank reported a Profit After Tax (PAT) of ₹3,001 crores for the quarter, which is an increase of only 2.3% year-on-year. Although there was a decline of 8.4% on a quarterly basis. Ujjivan Small Finance Bank’s net investment stands at ₹8.6 billion, showing a 23% annual increase and a 4.4% increase on a quarterly basis.
According to brokerage firm Sentrum Broking, Ujjivan Small Finance Bank performed well in terms of Net Interest Income (NII) but faced some challenges due to high operational expenses in the December quarter. The firm has predicted a slight improvement in the bank’s earnings for the financial year 2024-25. Analysts believe that the share price could touch ₹64 in the coming days.
The inclusion of Ujjivan Small Finance Bank’s share in the S&P BSE 500 index has further boosted investor sentiment. Over the past six months, the bank’s shares have provided a return of 27% to its investors. In the last year, the company’s shares have given a remarkable return of 98%. Moreover, in the last two years, investors have earned a whopping return of 187%. The share’s 52-week high was ₹62.99, while the low was ₹22.45. Ujjivan Small Finance Bank currently has a market capitalization of ₹10,684.72 crores.
The journey of Ujjivan Small Finance Bank’s share in the stock market has been tumultuous, with ups and downs. Investors are eagerly watching the developments and hoping for positive growth in the future. 💼💰📈
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