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Ujjivan Financial Services gains on its arm launching personal loan for salaried professionals

21 Nov 2018 Evaluate

Ujjivan Financial Services is currently trading at Rs. 218.50, up by 1.25 points or 0.58% from its previous closing of Rs. 217.25 on the BSE.

The scrip opened at Rs. 218.00 and has touched a high and low of Rs. 221.00 and Rs. 216.10 respectively. So far 26690 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 432.05 on 11-May-2018 and a 52 week low of Rs. 166.80 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 239.25 and Rs. 215.10 respectively. The current market cap of the company is Rs. 2660.28 crore.

The Institutions and Non-Institutions held 57.96% and 42.04%, stake in the company respectively.

Ujjivan Financial Services’ wholly owned subsidiary -- Ujjivan Small Finance Bank (SFB) -- has launched a personal loan facility for salaried professionals. It is the first small finance bank in the country to offer this facility.

The product will be launched across different locations including Ahmedabad, Bangalore, Delhi, Kolkata, Pune, Surat, Mumbai, Mysore, Ankaleshwar, Coimbatore, Kochi, Chennai and Vadodara.

Ujjivan is the holding company of Ujjivan Small Finance Bank, which is focused on providing loans and savings products to the unserved and underserved population.

Peers
Company Name CMP
Power Finance Corpn. 318.00
REC 289.10
NHIT 168.00
Satin Creditcare Net 227.20
IFCI 65.17
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