Utkarsh Small Finance Bank Share Price: All You Need to Know
📈 Utkarsh Small Finance Bank’s share price is expected to rise in the coming days, making it a potential investment opportunity. The stock closed at Rs. 58.10 on Friday, with brokers setting a target price of Rs. 70.
🎯 ICICI Securities has initiated coverage on Utkarsh Small Finance Bank with a target price of Rs. 70. This indicates a positive outlook for the stock and suggests that it has the potential for further growth.
📊 The 52-week high and low for Utkarsh Small Finance Bank’s share price are Rs. 65 and Rs. 37.25, respectively. The bank’s market capitalization currently stands at Rs. 6,377.91 crore.
⬇️ On Tuesday (30th January 2024), the stock was trading at Rs. 57.8, reflecting a decline of 1.26%.
📅 In its quarterly results announced on Saturday, 27th December 2023, Utkarsh Small Finance Bank reported a net profit of Rs. 116 crore for the third quarter, marking a 24% increase compared to the same period last year.
💰 The bank’s total income during the quarter rose to Rs. 889 crore, up from Rs. 712 crore in the corresponding quarter of the previous fiscal year. Additionally, the bank’s interest income increased from Rs. 641 crore to Rs. 806 crore during the October-December period in 2023.
🏦 Utkarsh Small Finance Bank’s non-performing assets (NPAs) as a percentage of total advances decreased to 3.04% at the end of December 2023, compared to 3.58% a year ago.
💼 Utkarsh Small Finance Bank went public through an initial public offering (IPO) held between 12th and 14th July 2023. The IPO price was set at Rs. 23-25 per share. The stock debuted on the NSE at Rs. 40 and on the BSE at Rs. 39.95, indicating substantial gains for investors.
💡 Utkarsh Small Finance Bank, established in 2017, offers a range of products including recurring and fixed deposits, savings accounts, salary accounts, current accounts, and locker facilities.
By keeping an eye on Utkarsh Small Finance Bank’s share price and its financial performance, investors can potentially take advantage of the bank’s growth prospects and make informed investment decisions.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
