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Buy Ujjivan Small Finance Bank Ltd For Target Rs. 50 - JM Financial Institutional Securities Ujjivan SFB recorded a strong operational quarter with beat on PAT at INR 3.2bn (+15% JMFe, +60% YoY, +5% QoQ) supported by robust NII growth (+32% YoY, +7% QoQ) and steady other income (+42% YoY, -1% QoQ). NIMs stood at 9.2% (+10bps QoQ) supported by a) increase in yields (+20bps QoQ) and b) reduction in excess liquidity. Mgmt. remains confident of maintaining NIMs c.9% by passing rate hikes to customers (40% of the loan book yet to be repriced by 100bps) even with expected increase in CoF. ...
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 50 - JM Financial Institutional Securities
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 50 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/09/2023 2:06:50 PM
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 62 - Geojit Financial Services Ltd Strong business momentum to continue. Ujjivan Small Finance Bank Ltd., a wholly owned subsidiary of Ujjivan Financial Services Ltd. (USFL), serves over 76 lakh customers through 661 branches. USFL is the 3rd largest SFB with a loan book size of Rs.25,326cr and a deposit base of Rs.26,660cr. * Advance growth is expected to remain strong at 25%, led by both microfinance and non-MF book with strong customer addition and brand building strategies. * Considering strong loan growth, an imp...
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 62 - Geojit Financial Services Ltd
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 62 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
25/08/2023 12:34:39 PM
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 58 - Emkay Global Financial Services Ltd Ujjivan SFB has once again reported a strong earnings beat, with PAT at Rs3.2bn/RoA at 3.8%, mainly backed by better margins, fees/recovery from woffs and continued lower provisions. Bank clocked 30% YoY/5% QoQ AUM growth, though the SME book declined amid some signs of stress. Deposit growth remained strong at 45% YoY/4% QoQ, but CASA slipped to a low of 25%. However, better loan yields led to 10bps QoQ expansion in NIM. Going forward, Bank expects growth as well as margin to remain strong, ...
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 58 - Emkay Global Financial Services Ltd
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 58 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
1/08/2023 11:38:50 AM
Ujjivan Small Finance Bank spurts on reporting 60% rise in Q1 net profit Ujjivan Small Finance Bank is currently trading at Rs. 44.98, up by 0.88 points or 2.00% from its previous closing of Rs. 44.10 on the BSE. The scrip opened at Rs. 44.50 and has touched a high and low of Rs. 45.45 and Rs. 44.28 respectively. So far 1258732 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.45 on 28-Jul-2023 and a 52 week low of Rs. 18.80 on 29-Jul-2022. Last one week high and low of the scrip s...
Ujjivan Small Finance Bank spurts on reporting 60% rise in Q1 net profit
Ujjivan Small Finance Bank spurts on reporting 60% rise in Q1 net profit
Source: Accord Fintech
28/07/2023 10:57:16 AM
Buy Ujjivan Small Finance Bank Ltd For Target Rs.50 - Yes Securities Maintaining 25% Growth and 20%+ RoE In its Analyst/Investor day, Ujjivan SFB exuded confidence about 1) sustaining 25% growth in loan book through FY23-26, 2) shifting of mix towards secured products and towards individual loans within Micro Banking, 3) growing deposits much faster than advances while improving CASA share to 35% by FY26, 4) holding NIMs and Cost/Income in a closer band while making necessary franchise investments in products, digital channels, distribution, people and bran...
Buy Ujjivan Small Finance Bank Ltd For Target Rs.50 - Yes Securities
Buy Ujjivan Small Finance Bank Ltd For Target Rs.50 - Yes Securities
Source: Yes Securities Ltd
21/06/2023 3:39:24 PM
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 38 - Emkay Global Financial Services Despite a miss on margins, Ujjivan SFB reported a strong beat on PAT at Rs3.1bn (vs our estimate of Rs2.4bn) in 4Q, mainly on higher other income and provision reversal. Credit growth (net) remained strong at 31% YoY/9% QoQ in 4Q, led by healthy traction in MFI. Bank expects growth to remain robust at 25%, with increasing share of secured loans which, coupled with lower credit cost, should keep RoAs high & healthy. Bank has applied to the NCLT and expects reverse merger with the holdco to...
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 38 - Emkay Global Financial Services
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 38 - Emkay Global Financial Services
Source: Emkay Global Financial Services
18/05/2023 2:14:30 PM
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 38 - JM Financial Institutional Securities Ujjivan SFB has exhibited healthy operational performance with PPOP at INR 4.1bn (5.6% QoQ) aided by robust NII growth of (6% QoQ) supported by other income growth (29% QoQ). While NIMs contracted by 30bps QoQ to 9.1% impacted by sharp uptick in volume of deposits and rising CoF. AUM for 4QFY23 stood at INR 241bn (+33% YoY, +10% QoQ) driven by strong disbursements of INR 60bn (23% YoY, 24% QoQ) with highest ever disbursements recorded for housing and FIG segment. Deposit growth remained stron...
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 38 - JM Financial Institutional Securities
Buy Ujjivan Small Finance Bank Ltd For Target Rs. 38 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
16/05/2023 2:48:49 PM
Summary of Ujjivan Small Finance Bank Business Performance - Q4FY23 and FY23 * Best ever performance across all parameters with PAT at ?310 crore/?1,100 crore for Q4/ FY23 * Disbursed ?6,001 crore /?20,037 crore for Q4/ FY23; * Gross loan book up 33% Y-o-Y/ 10% Q-o-Q * Collections/ asset quality at industry best; PAR at 3.8%; GNPA/NNPA at 2.6%/0.04% * Deposits up 40% Y-o-Y/ 10% Q-o-Q; Retail TDs^ up 69% Y-o-Y/ 10% Q-o-Q   * Assets * Disbursements were at ?6,001 crore/ ?20,037 crore for Q4FY23/ FY23; crossing major milestones * ...
Summary of Ujjivan Small Finance Bank Business Performance - Q4FY23 and FY23
Summary of Ujjivan Small Finance Bank Business Performance - Q4FY23 and FY23
Source: PR Agency
12/05/2023 10:19:30 AM
Buy Ujjivan Small Finance Bank Ltd For Target Rs.45 - Yes Securities Strong performance continues Ujjivan SFB delivered a 7%/30% beat on our PPOP/PAT expectations driven by a) higher NII, b) measured increase in opex (normalization of collection-related costs), c) higher other income (strong core fee growth + sustained elevated bad debts recovery) and d) NIL credit cost (continued robust collections and NPL recoveries). Management expects a similar operating (earnings) performance in Q4 FY23, and 25% loan growth and 1% credit cost in FY24. With collections-...
Buy Ujjivan Small Finance Bank Ltd For Target Rs.45 - Yes Securities
Buy Ujjivan Small Finance Bank Ltd For Target Rs.45 - Yes Securities
Source: Yes Securities Ltd
14/03/2023 12:24:43 PM
Hold Ujjivan Small Finance Bank Ltd For Target Rs.33 - Emkay Global Financial Services Provision reversal drives earnings beat * Ujjivan SFB reported a strong beat on PAT, at Rs 2.9bn (vs our estimate of Rs1.9bn), mainly on continued negligible provision amid improving asset quality. The bank has guided for sustainable RoA at 2.25-2.5% going forward and credit cost of 1% for FY24. * Overall credit growth accelerated to 27%YoY/12%QoQ due to continued growth from MFI/micro-individual loans as well as other retail loans. Disbursements were stronger at Rs48bn, mainly from MFI...
Hold Ujjivan Small Finance Bank Ltd For Target Rs.33 - Emkay Global Financial Services
Hold Ujjivan Small Finance Bank Ltd For Target Rs.33 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/03/2023 12:23:39 PM
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn According to Lotusdew Wealth, a smallcase manager, the public sector banks have the liquidity capacity to provide credit value at USD 100 billion. As of March 2022, cash and balances with RBI for Public Sector Banks are at USD 70 billion (Rs. 6.22 lakh cr.) when compared to USD 60 billion (Rs. 5.4 lakh cr.) as of March 2021. For Private Banks, cash and balances with RBI stood at USD 45 billion (Rs. 3.93 lakh cr. ) vs USD 35 billion (Rs. 2.9 lakh cr.) (YoY). This indicates that cash and balanc...
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn
Source: PR Agency
21/02/2023 3:01:08 PM
Ujjivan Small Finance Bank surges on launching mobile banking app 'Hello Ujjivan   Ujjivan Small Finance Bank is currently trading at Rs. 29.05, up by 0.90 points or 3.20% from its previous closing of Rs. 28.15 on the BSE. The scrip opened at Rs. 28.45 and has touched a high and low of Rs. 29.20 and Rs. 28.35 respectively. So far 239067 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.50 on 14-Dec-2022 and a 52 week low of Rs. 13.50 on 23-Jun-2022. Last one week high and low of th...
Ujjivan Small Finance Bank surges on launching mobile banking app 'Hello Ujjivan
Ujjivan Small Finance Bank surges on launching mobile banking app 'Hello Ujjivan
Source: Accord Fintech
9/02/2023 2:25:20 PM
Ujjivan Small Finance Bank jumps on reporting net profit of Rs 293.19 crore in Q3 Ujjivan Small Finance Bank is currently trading at Rs. 29.45, up by 0.75 points or 2.61% from its previous closing of Rs. 28.70 on the BSE. The scrip opened at Rs. 28.15 and has touched a high and low of Rs. 30.90 and Rs. 28.10 respectively. So far 3065434 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.50 on 14-Dec-2022 and a 52 week low of Rs. 13.50 on 23-Jun-2022. Last one week high and low of the scrip s...
Ujjivan Small Finance Bank jumps on reporting net profit of Rs 293.19 crore in Q3
Ujjivan Small Finance Bank jumps on reporting net profit of Rs 293.19 crore in Q3
Source: Accord Fintech
2/02/2023 3:39:17 PM
Buy Ujjivan Small Finance Bank Ltd : Strong all-round performance - Yes Securities Buy Ujjivan Small Finance Bank Ltd For Target Rs.40 Strong all-round performance A substantial beat with impressive core internals Ujjivan delivered a 32%/56% beat on our PPOP/PAT expectations driven by higher other income (strong core fee growth + bad debts recovery), credit cost reversal (continued robust collections and NPL recoveries) and lower opex (collection-related costs normalization). Notably, there were no one-offs or significantly chunky benefits in this quarter versus th...
Buy Ujjivan Small Finance Bank Ltd : Strong all-round performance - Yes Securities
Buy Ujjivan Small Finance Bank Ltd : Strong all-round performance - Yes Securities
Source: Yes Securities Ltd
31/12/2022 12:21:53 PM
Fundamental Picks 2023 By Nirmal Bang Axis Bank CMP: Rs. 934 Target: Rs.1130 Axis Bank is among India’s top-3 private banks with advances at Rs. 7.3 Lac Cr, strong liability franchise, large distribution network and an array of product offerings. With top management revamped in 2019 and organizational restructuring/changes happening over last 4 years, Axis is now in a good position to harvest the gains. We see the most recent quarterly results as an indication that the bank has reached an inflection point as the ban...
Fundamental Picks 2023 By Nirmal Bang
Fundamental Picks 2023 By Nirmal Bang
Source: Nirmal Bang Ltd
31/12/2022 10:18:56 AM
Indian state-run banks to pass up bonds to focus on lending -analysts Indian state-run banks that sold government bonds in the last few sessions may not immediately turn buyers, as their focus shifts to cutting down investment under the Statutory Liquidity Ratio (SLR) to fund credit growth, analysts said. State-run banks sold bonds worth more than 304 billion rupees ($3.69 billion), on a net basis, in the 25 trading sessions through Dec. 6, data from the Clearing Corp of India showed. "Banks are facing a liquidity crunch, while SLR levels are more th...
Indian state-run banks to pass up bonds to focus on lending -analysts
Indian state-run banks to pass up bonds to focus on lending -analysts
Source: Reuters
8/12/2022 11:56:51 AM
Buy Ujjivan Small Finance Bank Ltd For Target Rs.34 - JM Financial Institutional Securities Gradually getting back on track Ujjivan SFB’s 2Q23 results were characterised by a) robust AUM growth (+44% YoY, +8% QoQ), b) strong operating profit (3.9x YoY, +28% QoQ) and c) improvement in asset quality metrics (GNPLs/NNPLs/std restructured pool declined to 5.1%/0.04%/1.0% as of Sep’22 vs 6.5%/0.1%/1.8% as of Jun’22 driven by normalisation of slippages and focus on collections). Disbursements for the quarter remained strong at INR 49bn (+56% YoY, +12.5% QoQ) and manag...
Buy Ujjivan Small Finance Bank Ltd For Target Rs.34 - JM Financial Institutional Securities
Buy Ujjivan Small Finance Bank Ltd For Target Rs.34 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
14/11/2022 12:23:46 PM
Buy Ujjivan Small Finance Bank Ltd For Target Rs.35 - ICICI Securities RoA surpassing 4% with improved visibility on sustaining current profitability Ujjivan Small Finance Bank’s (Ujjivan) Q2FY23 financial performance reflects the successful execution of revised business strategy post the management change in Sep’21. RoA and RoE now stand at 4.6% and 34.5%, respectively. The improved performance is an outcome of the bank’s 100-day action plan implemented in Oct’21 with three key objectives: i) Rebuild business volumes, ii) improve asse...
Buy Ujjivan Small Finance Bank Ltd For Target Rs.35 - ICICI Securities
Buy Ujjivan Small Finance Bank Ltd For Target Rs.35 - ICICI Securities
Source: ICICI Securities
14/11/2022 10:45:26 AM
Hold Ujjivan Small Finance Bank Ltd For Target Rs.30 - Emkay Global Financial Strong earnings beat, but higher share of MFI remains a concern * Ujjivan SFB reported a strong PAT beat at Rs2.94bn (vs Emkay est at Rs0.98bn), mainly due to higher other income and provision reversal. Bank expects the RoA trajectory to remain sturdy in FY23 led by better growth, margins and continued moderation in LLP given the current stock of NPAs being largely covered. * Overall AUM/credit growth accelerated to 44%/29% YoY, largely on strong traction in MFI, SME and housing se...
Hold Ujjivan Small Finance Bank Ltd For Target Rs.30 - Emkay Global Financial
Hold Ujjivan Small Finance Bank Ltd For Target Rs.30 - Emkay Global Financial
Source: Emkay Global Financial Services Ltd
11/11/2022 11:11:52 AM
Ujjivan Small Finance Bank zooms on reporting 45% growth in deposits in Q2FY23 Ujjivan Small Finance Bank is currently trading at Rs. 25.05, up by 0.65 points or 2.66% from its previous closing of Rs. 24.40 on the BSE. The scrip opened at Rs. 24.60 and has touched a high and low of Rs. 26.40 and Rs. 24.60 respectively. So far 1567285 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.40 on 07-Oct-2022 and a 52 week low of Rs. 13.50 on 23-Jun-2022. Last one week high and low of the scrip s...
Ujjivan Small Finance Bank zooms on reporting 45% growth in deposits in Q2FY23
Ujjivan Small Finance Bank zooms on reporting 45% growth in deposits in Q2FY23
Source: Accord Fintech
7/10/2022 12:24:32 PM
Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors Ujjivan SFB concludes Rs 475 crore of equity fundraise via Qualified Institutional Placement (QIP) mode. The Bank's Board of Directors approved the allotment of 22,61,90,476 Equity Shares of face value Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 21 per Equity Share, including a premium of Rs 11 per Equity Share. The issue price reflects a discount of Rs 0.93 per Equity Share i.e. 4.24 per cent on the Floor Price of Rs 21.93 per Equity Share, aggreg...
Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors
Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors
Source: IANS
16/09/2022 3:27:30 PM
Ujjivan Small Finance Bank gains on launching QIP with floor price of Rs 21.93 per share Ujjivan Small Finance Bank is currently trading at Rs. 24.50, up by 0.15 points or 0.62% from its previous closing of Rs. 24.35 on the BSE. The scrip opened at Rs. 23.50 and has touched a high and low of Rs. 24.95 and Rs. 23.50 respectively. So far 386456 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.85 on 13-Sep-2022 and a 52 week low of Rs. 13.50 on 23-Jun-2022. Last one week high and low of the scrip st...
Ujjivan Small Finance Bank gains on launching QIP with floor price of Rs 21.93 per share
Ujjivan Small Finance Bank gains on launching QIP with floor price of Rs 21.93 per share
Source: Accord Fintech
14/09/2022 11:21:44 AM
Buy Ujjivan Small Finance Bank Ltd For Target Rs.26- Yes Securities Substantial earnings beat on strong asset quality USFB delivered a substantial 59% PAT beat driven by much lower-than-estimated credit cost (rather negligible), which was underpinned by continuance of strong collection trends on Std. non-OTR pool and encouraging collections even from OTR and NPL portfolios. Consequently, PAR 0 declined to 7.9% as of June vs 9.6% as on March and GNPA/NNPA declined to 5.9%/0.1% from 7.1%/0.6%. Write-offs in Q1 FY23 were moderate at Rs790mn (<0.5% of gross...
Buy Ujjivan Small Finance Bank Ltd For Target Rs.26- Yes Securities
Buy Ujjivan Small Finance Bank Ltd For Target Rs.26- Yes Securities
Source: Yes Securities Ltd
3/09/2022 11:10:32 AM
India bond yields rise, debt supply in focus  Indian government bond yields ended higher on Thursday, as traders trimmed bond holdings to make room for Friday's debt sale. The benchmark 10-year government bond yield ended at 7.2146%. The yield fell 10 basis points in last three sessions and ended at 7.1893% on Tuesday. The new 10-year 7.26% 2032 bond yield ended at 7.1859%, after ending at 7.1757% on Tuesday. Indian financial markets were closed on Wednesday. "Market has been ignoring the negative news like rising...
India bond yields rise, debt supply in focus
India bond yields rise, debt supply in focus
Source: Reuters
1/09/2022 5:05:00 PM
Ujjivan Small Finance Bank allots NCDs aggregating Rs 225 cr Ujjivan Small Finance Bank has allotted 22,500 subordinated, rated, unlisted, unsecured, transferable, redeemable, fully paid up, non-convertible debentures, denominated in Indian Rupees, having a face value of Rs 1 lakh for an aggregate value of Rs 225 crore on private placement basis on 26 August 2022.
Ujjivan Small Finance Bank allots NCDs aggregating Rs 225 cr
Ujjivan Small Finance Bank allots NCDs aggregating Rs 225 cr
Source: Dion Global Solutions Ltd
29/08/2022 11:26:46 AM
Ujjivan Small Finance Bank gains on launching two new tenures of fixed deposits Ujjivan Small Finance Bank is currently trading at Rs. 21.00, up by 0.05 points or 0.24% from its previous closing of Rs. 20.95 on the BSE. The scrip opened at Rs. 20.65 and has touched a high and low of Rs. 21.20 and Rs. 20.65 respectively. So far 29088 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.85 on 18-Aug-2021 and a 52 week low of Rs. 13.50 on 23-Jun-2022. Last one week high and low of the scrip sto...
Ujjivan Small Finance Bank gains on launching two new tenures of fixed deposits
Ujjivan Small Finance Bank gains on launching two new tenures of fixed deposits
Source: Accord Fintech
18/08/2022 11:45:06 AM
Ujjivan Small Finance Bank jumps on planning to enter gold loan segment Ujjivan Small Finance Bank is currently trading at Rs. 19.45, up by 0.25 points or 1.30% from its previous closing of Rs. 19.20 on the BSE. The scrip opened at Rs. 19.50 and has touched a high and low of Rs. 19.50 and Rs. 19.05 respectively. So far 275981 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.20 on 30-Jul-2021 and a 52 week low of Rs. 13.50 on 23-Jun-2022. Last one week high and low of the scrip st...
Ujjivan Small Finance Bank jumps on planning to enter gold loan segment
Ujjivan Small Finance Bank jumps on planning to enter gold loan segment
Source: Accord Fintech
1/08/2022 11:54:29 AM
Hold Ujjivan Small Finance Bank Ltd For Target Rs.18 - Emkay Global Financial Strong beat on earnings led by margins, lower LLP * Ujjivan SFB once again delivered a strong beat on PAT at Rs2bn (est.: Rs0.7bn), led by better NII growth (55% yoy) and negligible loan loss provisions, partly offset by higher opex. The bank expects healthy RoA in FY23, led by better growth/NIM and lower LLP, as it carries a healthy provision buffer. * Fresh slippages moderated to Rs1.5bn/5% of loans, while better collections/w-offs led to a 59bps reduction in the GNPA ratio to 6.5%. M...
Hold Ujjivan Small Finance Bank Ltd For Target Rs.18 - Emkay Global Financial
Hold Ujjivan Small Finance Bank Ltd For Target Rs.18 - Emkay Global Financial
Source: Emkay Global Financial Services Ltd
27/07/2022 11:56:20 AM
Ujjivan Small Finance Bank jumps on getting nod to raise upto Rs 1,500 crore through NCDs Ujjivan Small Finance Bank is currently trading at Rs. 16.50, up by 0.20 points or 1.23% from its previous closing of Rs. 16.30 on the BSE. The scrip opened at Rs. 16.70 and has touched a high and low of Rs. 16.70 and Rs. 16.30 respectively. So far 20670 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.35 on 15-Jun-2021 and a 52 week low of Rs. 14.15 on 24-Feb-2022. Last one week high and low of the scrip sto...
Ujjivan Small Finance Bank jumps on getting nod to raise upto Rs 1,500 crore through NCDs
Ujjivan Small Finance Bank jumps on getting nod to raise upto Rs 1,500 crore through NCDs
Source: Accord Fintech
9/06/2022 11:13:56 AM
Add Ujjivan Small Finance Bank Ltd For Target Rs.22 - Yes Securities Robust show enhances visibility of FY23 normalization Our view Ujjivan SFB’s Q4 FY22 performance was significantly better than expectation with NII/PPOP beat of 6%/40% and PAT at Rs1.26bn v/s our estimate of a marginal loss. Key swing factors were a) higher NIM (10.1% v/s 9.1% in Q3) on the back of material increase in portfolio yield (calc. 18.9% v/s 18.3% in Q3), b) higher other income (better insurance and misc. income), c) controlled opex despite intense collection efforts and...
Add Ujjivan Small Finance Bank Ltd For Target Rs.22 - Yes Securities
Add Ujjivan Small Finance Bank Ltd For Target Rs.22 - Yes Securities
Source: Yes Securities Ltd
13/05/2022 12:04:32 PM
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.21 - Yes Securities ‘Further pull‐back in asset quality key’    Our view Ujjivan SFB delivered a strong PPOP performance (24% above estimate) driven by NIM expansion and higher processing fees, that were utilized to augment provisions even post a 1.2% portfolio write‐off. With disbursements galloping 54% qoq/120% yoy, the bank’s AUM growth came in higher‐than‐expectations at 13% qoq/21% yoy and it was broad‐based (10%+ qoq growth in Microfinance, Affordable Housing, MSE loa...
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.21 - Yes Securities
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.21 - Yes Securities
Source: Yes Securities Ltd
16/03/2022 2:25:49 PM
Ujjivan Small Finance Bank gains on launching digital on-boarding facility for micro banking customers Ujjivan Small Finance Bank is currently trading at Rs. 16.95, up by 0.05 points or 0.30% from its previous closing of Rs. 16.90 on the BSE. The scrip opened at Rs. 17.30 and has touched a high and low of Rs. 17.30 and Rs. 16.80 respectively. So far 113953 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.50 on 16-Mar-2021 and a 52 week low of Rs. 14.15 on 24-Feb-2022. Last one week high and low of the scrip st...
Ujjivan Small Finance Bank gains on launching digital on-boarding facility for micro banking customers
Ujjivan Small Finance Bank gains on launching digital on-boarding facility for micro banking customers
Source: Accord Fintech
16/03/2022 12:27:50 PM
Sell Ujjivan Small Finance Bank Ltd For Target Rs.13 - Emkay Global Aggressive growth stance amid higher stress levels is a concern * Ujjivan SFB reported a lower-than-expected loss of Rs0.3bn (est. loss: Rs2.1bn) in Q3, thanks to accelerated credit growth, better margins and lower provisions. The bank has reaccelerated growth with historically high disbursements of Rs48bn, mainly in MFI, which remains the dominant portfolio in its book at 67%, thus raising a concern. * The GNPA ratio declined by 200bps qoq to 9.8%, while the restructured pool decr...
Sell Ujjivan Small Finance Bank Ltd For Target Rs.13 - Emkay Global
Sell Ujjivan Small Finance Bank Ltd For Target Rs.13 - Emkay Global
Source: Emkay Global Financial Services Ltd
19/02/2022 12:10:35 PM
Key News - Ujjivan Small Finance Bank Ltd, Union Bank of India , Reliance Industries Ltd , JSW Group By ARETE Securities Key News Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4 Ujjivan Small Finance Bank (SFB) will in three to six months raise up to Rs 600 crore in fresh equity capital from institutional investors for increasing public holding to 25 per cent and support business growth. The board of directors has approved the issuance of equity shares up to Rs 600 crore—that includes premium through Qualified Institutional Placement subject to the approval of the share...
Key News - Ujjivan Small Finance Bank Ltd, Union Bank of India , Reliance Industries Ltd , JSW Group By ARETE Securities
Key News - Ujjivan Small Finance Bank Ltd, Union Bank of India , Reliance Industries Ltd , JSW Group By ARETE Securities
Source: ARETE Securities Ltd
8/02/2022 10:24:02 AM
Sell Ujjivan Small Finance Bank Ltd For Target Rs.15 - Emkay Global Poor performance; awaiting top management appointments * Ujjivan SFB reported a higher-than-expected loss of Rs2.7bn (est. loss of Rs1.2bn) in Q2 due to slower credit growth, higher opex and elevated provisions (post an external audit). Unlike peers, the GNPA ratio shot up 200bps qoq to 11.8%, while the restructured pool increased by 510bps to 10.8% of AUM. * Business momentum has improved, but sub-par collections and continued asset quality pressure may keep growth in check. PAR > 0...
Sell Ujjivan Small Finance Bank Ltd For Target Rs.15 - Emkay Global
Sell Ujjivan Small Finance Bank Ltd For Target Rs.15 - Emkay Global
Source: Emkay Global Financial Services Ltd
23/11/2021 12:07:17 PM
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.23 - Yes Securities ‘Earnings normalization to take a few quarters’ Our view USFB reported a larger-than-expected loss of Rs2.7bn in Q2 FY22 on account of substantial NPL addition, significant incremental restructuring and higher collections related costs. Non-NPL delinquent pool declined to 7% from 21% as of June aided by stronger collections (rollbacks from early buckets), substantial incremental restructuring activity (Rs9.6bn - 6.5% of gross adv.) and significant flow-forward to the NPL buc...
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.23 - Yes Securities
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.23 - Yes Securities
Source: Yes Securities Ltd
12/11/2021 10:13:39 AM
Hold Ujjivan Small Finance Bank Ltd For Target Rs.20 - ICICI Securities Credit cost guidance reflects improving asset quality outlook Ujjivan SFB (Ujjivan) published Aug’21 business update on (September 24, 2021) and the key takeaways include – i) gradually approaching normalcy on most business parameters, ii) increased focus on containing incremental stress, 100- day plan for each vertical with focus on PAR reduction & NPA recovery, and iii) credit cost guidance of Rs11-12bn vs Rs4.7bn in Q1FY22 reflects improving asset quality trend. Taking c...
Hold Ujjivan Small Finance Bank Ltd For Target Rs.20 - ICICI Securities
Hold Ujjivan Small Finance Bank Ltd For Target Rs.20 - ICICI Securities
Source: ICICI Securities
27/10/2021 12:12:26 PM
Add Ujjivan Small Finance Bank Ltd For Target Rs.31 - ICICI Securities Incremental stressed asset formation remained elevated; collections in July improved sharply Ujjivan Small Finance Bank (Ujjivan) reported net loss of Rs2.3bn largely due to accelerated provision of Rs4.7bn, including creation of Rs2.5bn floating provision to absorb near-term stress. However, the same is utilised while arriving at NNPL of 2.7% as at Jun’21. Considering partial or full income loss of its customer base during covid second wave, the bank expects incremental restructu...
Add Ujjivan Small Finance Bank Ltd For Target Rs.31 - ICICI Securities
Add Ujjivan Small Finance Bank Ltd For Target Rs.31 - ICICI Securities
Source: ICICI Securities
24/09/2021 11:40:43 AM
Sell Ujjivan Small Finance Bank Ltd For Target Rs.17 - Emkay Global MD resignation, higher attrition add to persistent asset-quality woes Key takeaways from the Ujjivan SFB con-call amid the resignation of Mr. Nitin Chugh, MD & CEO. Our views are given below: * Mr. Samit Ghosh, founder of Ujjivan, presided over the call. Though the press release indicated that Mr. Chugh’s (ex-Digi-Banking Head at HDFCB) resignation was due to personal reasons, the impression from the call was that it was mainly due to the bank’s persistent underperforman...
Sell Ujjivan Small Finance Bank Ltd For Target Rs.17 - Emkay Global
Sell Ujjivan Small Finance Bank Ltd For Target Rs.17 - Emkay Global
Source: Emkay Global Financial Services Ltd
25/08/2021 1:02:36 PM
Add Ujjivan Small Finance Bank Ltd For Target Rs.31 - Centrum Broking Mr Nitin Chugh, MD & CEO of Ujjivan Small Finance Bank (USFB) tendered his resignation, with 30th Sep’21 being his last day. He shall also cease to be Director of the bank with effect from the aforesaid date. In his resignation letter, he has stated that he is resigning due to personal reasons and there are no material reasons. Mr Chugh joined USFB in Aug’19 as President and took over as MD & CEO on 1st Dec’19 for a period of 3 years, i.e. his term was up for renewal...
Add Ujjivan Small Finance Bank Ltd For Target Rs.31 - Centrum Broking
Add Ujjivan Small Finance Bank Ltd For Target Rs.31 - Centrum Broking
Source: Centrum Broking Ltd
21/08/2021 11:07:17 AM
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.26 - Yes Securities Our view  ‐  Substantial portfolio impact from second wave; more provisions to come    Ujjivan SFB exhibited more than envisaged portfolio impact from second wave with PAR 0 leapfrogging from 15% as of March to 33% as of June (adding back the write‐ offs of Q1) and the loan book contracting by 7% on qoq basis. Portfolio deterioration was seen across the key product segments of micro banking, MSE loans and affordable housing finance with PAR 0 at 37%, 29% and 16%...
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.26 - Yes Securities
Reduce Ujjivan Small Finance Bank Ltd For Target Rs.26 - Yes Securities
Source: Yes Securities Ltd
11/08/2021 11:30:57 AM
Add Ujjivan Small Finance Bank Ltd For Target Rs. 35 - ICICI Securities Most diversified presence; asset mix shifting towards more stable secured loans in retail Ujjivan Small Finance Bank’s (Ujjivan) core philosophy of driving business by focus on digital capabilities, customer-centricity, and financial inclusion harmonises well with India’s increasing financial penetration, especially in rural areas. Its pan-India presence with no single state contributing >20% of AUM as at Mar’21, coupled with an evolving product portfolio, would enable...
Add Ujjivan Small Finance Bank Ltd For Target Rs. 35 - ICICI Securities
Add Ujjivan Small Finance Bank Ltd For Target Rs. 35 - ICICI Securities
Source: ICICI Securities
6/08/2021 11:13:30 AM
Ujjivan Small Finance Bank Q4 net profit jumps 86.59% at Rs 136.49 cr The bank reported standalone net profit of Rs 136.49 crore for the quarter ended March 31, 2021 as compared to Rs 73.15 crore in the same period last year, registering a year-on-yearÿgrowthÿof 86.59 per cent. Interest income of the bank declined by 16.22 per cent at Rs 617.85 crore for the quarter ended March 31, 2021 as against Rs 737.49 crore in the corresponding period last year. During the January-March quarter, total income dipped moderately by 9.20 per cent to Rs 735.14 cro...
Ujjivan Small Finance Bank Q4 net profit jumps 86.59% at Rs 136.49 cr
Ujjivan Small Finance Bank Q4 net profit jumps 86.59% at Rs 136.49 cr
Source: Dion Global Solutions Ltd
19/05/2021 12:41:24 PM
Ujjivan Small Finance surges on launching Women Savings Account Ujjivan Small Finance Bank is currently trading at Rs. 34.80, up by 0.55 points or 1.61% from its previous closing of Rs. 34.25 on the BSE. The scrip opened at Rs. 34.60 and has touched a high and low of Rs. 35.15 and Rs. 34.35 respectively. So far 173011 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.50 on 07-Jan-2021 and a 52 week low of Rs. 23.00 on 24-Mar-2020. Last one week high and low of the scrip st...
Ujjivan Small Finance surges on launching Women Savings Account
Ujjivan Small Finance surges on launching Women Savings Account
Source: Accord Fintech Pvt. Ltd
10/03/2021 12:24:50 PM
Add Ujjivan Small Finance Bank Ltd ; Buy Ujjivan Financial Services Ltd By HDFC Securities Add Ujjivan Small Finance Bank Ltd For Target Rs.44 Buy Ujjivan Financial Services Ltd For Target Rs.394 Accelerated provisions dent earnigns UJJIVANS’ 3QFY21 reported a net loss of INR 2.8bn (vs. our estimate of a PAT of INR 703mn) on account of accelerated provisions (INR 5.8bn) against potential stress (pro forma slippages and restructuring), and interest reversals. The bank’s performance in terms of granular deposit traction and operating efficiency remained creditabl...
Add Ujjivan Small Finance Bank Ltd ; Buy Ujjivan Financial Services Ltd By HDFC Securities
Add Ujjivan Small Finance Bank Ltd ; Buy Ujjivan Financial Services Ltd By HDFC Securities
Source: HDFC Securities Ltd
10/02/2021 12:23:35 PM
Add Alkyl Amines Ltd For Target Rs.5,310 - HDFC Securities Blockbuster quarter! Our ADD recommendation on AACL with a target price of INR 5,310 is premised on (1) robust demand from pharmaceutical and agrochemical customers that form ~70% of AACL’s revenue mix, (2) rising domestic market share in Methyl Amines, (3) impending capacity expansion for (high-margin) Acetonitrile, and (4) production-linked incentive scheme that provides the right tailwinds for long-term volume growth. 3Q EBITDA/APAT was 53/54% above estimates, owing to a 20% rise ...
Add Alkyl Amines Ltd For Target Rs.5,310 - HDFC Securities
Add Alkyl Amines Ltd For Target Rs.5,310 - HDFC Securities
Source: HDFC Securities Ltd
10/02/2021 12:04:43 PM
Ujjivan Small Finance Bank Ltd : Larger stress and upfront provisioning drives a big loss in Q3 FY21 - Yes Securities Buy Ujjivan Small Finance Bank Ltd For Target Rs.40 Larger stress and upfront provisioning drives a big loss in Q3 FY21 USFB reported a big loss in Q3 FY21 with the bank opting to address the entire stress (including what may come) at one go ‐ credit cost was Rs5.8bn and provisioning buffer was substantially raised to 8% of overall portfolio. While upfront provisioning is well appreciated, the quantum was a shocker considering that Management was not so perturbed about the ...
Ujjivan Small Finance Bank Ltd : Larger stress and upfront provisioning drives a big loss in Q3 FY21 - Yes Securities
Ujjivan Small Finance Bank Ltd : Larger stress and upfront provisioning drives a big loss in Q3 FY21 - Yes Securities
Source: Yes Securities Ltd
4/02/2021 12:44:52 PM