India's Ujjivan Small Finance Bank jumps on strong loan, deposits growth

Ujjivan Small Finance Bank

07/01/2022 06:05

** Shares of the small finance bank  UJJI.NS  climb as much
as 11.8% to 22.3 rupees, marking their biggest intraday pct gain
since Oct. 12 
    ** UJJI stock rises to highest since Nov. 1 in its third
straight session of gains, and set for a second weekly gain 
    ** UJJI says https://bit.ly/3G63kCr its gross loan book at
Dec-end was 166 bln rupees ($2.23 bln), up 22% y-o-y 
    ** Dec-end total deposits 156 bln rupees, an increase of 34%
    ** Gross non-performing assets improved to 10.5% in Dec vs
11.2% a month earlier 
    ** More than 17.2 mln shares traded by 0555 GMT, 8.4 times
their 30-day avg
    ** Five of 13 brokerages rate the stock "buy" or higher,
four "hold" and four "sell" or lower; their median PT is 25.50
rupees

($1 = 74.3150 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))