India's Ujjivan Small Finance Bank rises on strong Q4 update

Ujjivan Small Finance Bank

04/04/2024 10:25

** Shares of Ujjivan Small Finance Bank  UJJI.NS  up 6.4% 
    ** Stock rose as much as 7.1% to 54.7 rupees 
    ** Bank reported 24% year-on-year jump in March-qtr total
deposits, 24% rise in gross loan book
    ** UJJI shares, which fell below 200-day moving average in
March after trading above the level for most of FY24, rebounded
to rise above that level in previous session
    ** More than 36 mln shares change hands by 2:45 p.m. IST,
3.8x the 30-day avg
    ** Average rating of 14 analysts covering the stock is
"Strong Buy"; median PT is 65 rupees - LSEG data
    ** Including session's move, stock is down 4.6% YTD 





 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))