India's Ujjivan Small Finance gains on sale of stressed assets

Ujjivan Small Finance Bank

28/11/2024 06:13

** Ujjivan Small Finance Bank  UJJI.NS  rises 2.9% to 34.5
rupees, biggest one-day pct gain since Oct. 31
    ** Private lender completes sale of stressed loan portfolio
of outstanding value of 2.7 bln rupees ($32 mln) to an asset
reconstruction company for 405.5 million rupees
    ** More than 49 mln shares traded in stock's busiest week in
five weeks
    ** Stock rated "buy" on avg; median PT is 48 rupees - LSEG
    ** UJJI down 39% YTD

($1 = 84.4840 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))