India's Ujjivan Small Finance up on RBI nod to reappoint Ittira Davis as MD, CEO

Ujjivan Small Finance Bank

08/12/2022 04:28

** Shares of India's Ujjivan Small Finance Bank Ltd  UJJI.NS 
rise as much as 2.8% to 30.9 rupees, their highest since Dec. 2
    ** Co on Wedneday said that the Reserve Bank of India has
approved re-appointment of Ittira Davis as Managing Director and
CEO of the bank 
    ** More than 4.6 mln shares trade by 09:50 a.m. IST vs the
30-day moving avg of more than 11 mln shares 
    ** Twelve out of 13 brokerages rate the stock as "buy" or
higher, one rates it as "hold"; their median PT is 34 rupees -
Refinitiv Data 
    ** As of last close, UJJI stock up 61.6% YTD 
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))