India's Ujjivan Small Finance Bank rises on strong June quarter update

Ujjivan Small Finance Bank

06/07/2023 05:52

** Shares of Ujjivan Small Finance Bank  UJJI.NS  rise as
much as 5% to 42.7 rupees - highest since January 14, 2021
    ** Stock now up 4.4% and set to rise for a fourth straight
session, if gains hold
    ** Co reports a 44% Y/Y jump in June quarter deposits; adds,
qtrly disbursements up 22% 
    ** Qtrly advances up 31% 
    ** All 13 brokerages covering stock rate it "buy" or higher;
 median PT is 43.3 rupees - Refinitiv 
    ** Stock extends YTD gains to 46.7% after an ~56% jump in
2022

 

 (Reporting by Anuran Sadhu in Bengaluru)
 ((anuran.sadhu@thomsonreuters.com;))