Buy Ujjivan Financial Services, target Rs 345: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Ujjivan Financial Services Ltd. with a target price of Rs 345. The current market price of Ujjivan Financial Services Ltd. is Rs 338.2. Time period given by the analyst is Intra Day when Ujjivan Financial Services Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 332. Ujjivan Financial Services Ltd., incorporated in 2004, is a midcap company with a market cap of Rs 4097.86 crore. Ujjivan Financial Services Ltd. key Products/Revenue Segments include for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 470.40 Crore, up 9.55 % from last quarter Sales of Rs 429.40 Crore and up 31.38 % from last year same quarter Sales of Rs 358.06 Crore Company has reported net profit after tax of Rs 45.20 Crore in latest quarter. The company’s top management includes Mr.Abhijit Sen, Mr.Amit Gupta, Mr.Jayanta Basu, Mr.K R Ramamoorthy, Mrs.Sudha Suresh, Ms.Vandana Viswanathan. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 31-12-2018, the company has a total of 121,121,875 shares outstanding.