Sell Ujjivan Small Finance Bank, target price Rs 13: Emkay Global

Emkay Global has sell call on Ujjivan Small Finance Bank with a target price of Rs 13. The current market price of Ujjivan Small Finance Bank is Rs 16.95. Time period given by analyst is one year when Ujjivan Small Finance Bank Ltd. price can reach defined target.

Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 2929.49 Crore).

Financials

For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 798.68 Crore, up 15.43 % from last quarter Total Income of Rs 691.93 Crore and up 1.26 % from last year same quarter Total Income of Rs 788.75 Crore. The bank reported net profit after tax of Rs -33.83 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 83.32 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.23 per cent, DIIs 0.63 per cent.