Ujjivan Small finance Bank has revised fixed deposit interest rates on various tenures with effect from June 1, 2023. The revised rates are applicable on Platina FD, Domestic, Recurring Deposits, and NRE- Fixed Deposits.

Ujjivan Small Finance Bank revises FD interest rates; earn 8.25% interest rate on this FD tenure

ICICI Bank saw a turnover of Rs 492.94 crore. DLF, Tata Motors, SBI, Bajaj Finance and HDFC were five stocks clocking turnovers of over Rs 300 crore.

YES Bank, Ujjivan SFB, South Indian Bank shares gain amid high volumes; Tata Motors, Bajaj Finance, Astral see high turnovers

If I had to pick a stock within the banking space, there are couple of names one is Ujjivan Small Finance Bank. It looks very good on charts, even though the stock has run up in trade today but look at the volumes.

2 top stock recommendations from Aditya Agarwala

Ujjivan Small Finance Bank expects its net interest margin (NIM) to fall to 9% in 2023-24 from 9.5% in the last fiscal, with the bank trying to reduce its exposure to the unsecured micro-banking loan segment, says managing director and chief executive officer Ittira Davis

‘Expect NIM to fall to 9% this fiscal’ | The Financial Express

Emkay Global Financial is bullish on Ujjivan Small Finance Bank has recommended buy rating on the stock with a target price of Rs 38 in its research report dated May 12, 2023.

Buy Ujjivan Small Finance Bank; target of Rs 38: Emkay Global Financial

Among the new additions to the MSCI Small Cap index, KFIN Technologies, Syrma SGS Technology and Ujjivan Small Finance Bank have rallied up to 6 per cent.

MSCI rejig impact: Adani Total Gas, Adani Transmission dip 5%; Max soars 6%

Gross loan book came in at Rs 24,085 crore, up 33 percent YoY and 10 percent QoQ. The lender saw collection efficiency of around 100 percent in March 2023. Deposits rose 40 percent YoY to Rs 25,538 crore as of March 2023.

Ujjivan Small Finance Bank surges 5% as brokerages say ‘buy’ the stock post Q4 results

Expect NIM to grow in H2FY24 & be around 9.1%, says Ittira Davis, MD & CEO, Ujjivan Small Finance Bank. Tells Prashant Nair, Surabhi Upadhyay & Nigel D'Souza that lot of demand is coming from the affordable housing segment. Collections will continue to remain healthy, he adds. 

#ujjivansmallfinancebank #loangrowth #fy24 #outlook #netinterestmargin #cnbctv18 
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Ujjivan SFB's Ittira Davis Discusses NIM, Loan Growth Outlook For FY24 | Bazaar Corporate Radar

Ujjivan Small Finance Bank’s net profit rose 145% year-on-year (YoY) in January-March on the back of strong growth in its loan book.

Ujjivan SFB’s net profit jumps 145% on strong loan growth | The Financial Express

The Bengaluru-headquartered lender posted a net profit of Rs 1,099 crore for FY23 as against a loss of Rs 414 crore in the year-ago period.

Ujjivan Small Finance Bank Q4 net up 144% to Rs 309 crore

Ujjivan Small Finance Bank posted a net profit of ₹310 crore for Q4, 2.4 times higher than ₹127 crore in the year-ago period. For FY23, the profit after tax was ₹1,100 crore.

Ujjivan SFB’s Q4 PAT up over two-fold on strong NII growth, recoveries

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ujjivan Small Finance Bank is a commercial bank specializing in catering to unserved and underserved segments.