Ujjivan Small Finance Bank share: Amidst the historic rise in the stock market, some banking related company or bank shares witnessed a slowdown on Thursday. Something similar happened with the share of Ujjivan Small Finance Bank. The price of this share is less than Rs 50. However, experts believe that the share price can reach the level of Rs 50 in the coming days.
what is the price now
The stock of Ujjivan Small Finance Bank is trading at Rs 43. At the same time, ICICI Securities has given a buy rating on this stock. This means that it has advised to buy. Along with this, a target price of Rs 50 has been set for the stock. Let us tell you that in December 2023, this stock reached the level of Rs 62.99. This is the 52-week high of the stock. At the same time, in June 2024, the share price came down to Rs 40.
The legendary investor’s bet
Talking about the shareholding pattern of Ujjivan Small Finance Bank, veteran investor Dolly Khanna also has a stake in it. The promoters’ stake in this company is zero while 100% stake is held by public shareholders. Among the public shareholders, Dolly Khanna has 2,06,22,093 shares or 1.07% stake.
jump in deposits
According to data released by Ujjivan Small Finance Bank, deposits grew 22% to Rs 32,500 crore in the April-June quarter. The bank’s gross loan book grew 19% year-on-year to Rs 30,091 crore in the first quarter as against Rs 25,326 crore in the same period last year. The bank reported loan disbursement of Rs 5,305 crore as against Rs 5,284 in the year-ago period. Similarly, the CASA ratio – the proportion of deposits coming from low-cost current and savings accounts – rose to 25.6% from 24.6% in the year-ago period.
