Utkarsh Small Finance Bank climbs on reporting 30% rise in Q2 net profit
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Utkarsh Small Finance Bank is currently trading at Rs. 51.75, up by 1.52 points or 3.03% from its previous closing of Rs. 50.23 on the BSE.
The scrip opened at Rs. 51.22 and has touched a high and low of Rs. 52.05 and Rs. 50.77 respectively. So far 208102 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.58 on 05-Oct-2023 and a 52 week low of Rs. 37.25 on 21-Jul-2023.
Last one week high and low of the scrip stood at Rs. 52.05 and Rs. 48.85 respectively. The current market cap of the company is Rs. 5635.73 crore.
The promoters holding in the company stood at 69.28%, while Institutions and Non-Institutions held 15.07% and 15.65% respectively.
Utkarsh Small Finance Bank has reported 30.45% rise in its net profit at Rs 114.42 crore for the second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 87.71 crore for the same quarter in the previous year. Total income of the bank increased by 27.31% at Rs 861.49 crore for Q2FY24 as compared to Rs 676.71 crore for the corresponding quarter previous year.
Utkarsh Small Finance Bank is engaged in providing banking and financial services.
