Sell Ujjivan Financial Services, target Rs 319: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Ujjivan Financial Services Ltd. with a target price of Rs 319.0 . The current market price of Ujjivan Financial Services Ltd. is Rs 328.6 Dr CK Narayan recommended to keep stoploss at Rs 335. Ujjivan Financial Services Ltd., incorporated in 2004, is a midcap company with a market cap of Rs 3975.85 crore. Ujjivan Financial Services Ltd. key Products/Revenue Segments include for the year ending 31-Mar-2018.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 422.62 Crore, up 18.03 % from last quarter Sales of Rs 358.06 Crore and up 34.36 % from last year same quarter Sales of Rs 314.53 Crore Company has reported net profit after tax of Rs 64.86 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 30-06-2018, the company has a total of 120,954,793 shares outstanding.