India's Ujjivan Small Finance Bank rises on Q1 profit jump

Ujjivan Small Finance Bank

27/07/2023 09:22

** Shares of Ujjivan Small Finance Bank  UJJI.NS  rise as
much as 3.87% to 44.30 rupees
    ** UJJI reported a near 60% jump in June-qtr profit to 3.24
billion Indian rupees ($39.54 million) while interest earned
rose 42% YoY
    ** The bank's gross bad loans as a percentage of total
loans, a measure of asset quality, fell to 2.62% from 2.88% in
the last quarter
    ** More than 11.7 mln shares change hands by 1:47 p.m. IST,
0.9x 30-day avg
    ** Avg rating of 13 analysts close to equivalent of "strong
buy", median PT is 43.25 rupees - Refinitiv data
    ** Stock up 52.2% YTD



($1 = 81.9400 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))