Ujjivan Small Finance Bank trades higher on partnering with SMC Global Securities
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Ujjivan Small Finance Bank is currently trading at Rs. 49.87, up by 0.55 points or 1.12% from its previous closing of Rs. 49.32 on the BSE.
The scrip opened at Rs. 49.98 and has touched a high and low of Rs. 50.10 and Rs. 49.50 respectively. So far 227288 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.10 on 23-Aug-2023 and a 52 week low of Rs. 21.20 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 50.60 and Rs. 48.51 respectively. The current market cap of the company is Rs. 9776.00 crore.
The promoters holding in the company stood at 73.67%, while Institutions and Non-Institutions held 10.97% and 15.36% respectively.
SMC Global Securities has entered into strategic partnership with Ujjivan Small Finance Bank (Ujjivan SFB) to offer online trading services to the Bank’s customers. This association will offer services comprising Savings, Demat and Trading accounts, providing a hassle-free and convenient trading experience to Ujjivan SFB’s customers.
The collaboration will enable SMC Global to expand its client base by tapping into Ujjivan SFB’s extensive pan-India presence, serving over 76 lakh customers. In this arrangement, SMC Global will handle the relationship of Trading and Demat Accounts of Ujjivan SFB customers. SMC will offer full and discount brokerage services to the Bank’s customers. Existing Ujjivan SFB customers can open a Demat Account through the Ujjivan SFB mobile banking app.
Ujjivan Small Finance Bank ((Ujjivan SFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.
