Buy Ujjivan Small Finance Bank, target price Rs 65: HDFC Securities

HDFC Securities has buy call on Ujjivan Small Finance Bank with a target price of Rs 65. The current market price of Ujjivan Small Finance Bank is Rs 43.7.

Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8400.88 Crore).

Ujjivan Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.



Financials
For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 1764.64 Crore, up 6.60 % from last quarter Total Income of Rs 1655.39 Crore and up 29.38 % from last year same quarter Total Income of Rs 1363.89 Crore. The bank reported net profit after tax of Rs 329.63 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 73.52 per cent stake in the company as of 30-Jun-2024, while FIIs owned 24.68 per cent, DIIs 7.33 per cent.