Stock To Watch: This Small Finance Bank Records 44% Gain In Loan Book, Stock Hit 52-Week High

Ujjivan Small Finance Bank is one of the most popular small finance banks in India. The bank recently recorded a 44% gain in its loan book, leading to a spur in its share price. Ujjivan Small Finance Bank's share price hit a 52-week high today, on October 7, as the bank reported a strong result in September. Amid a volatile market condition, the bank has been performing strongly with robust financial growth.

Its gross loan book stood at Rs. 20,938 crore at the end of September, which was driven by micro, affordable housing and individual borrowings. Additionally, the bank's advances gained 22% from Rs. 14,514 crore as of September 2021, while disbursement gained by 56% on a YoY basis to Rs. 4,867 crore. The bank also mentioned that its deposits grew by 45% to Rs. 20,389 crore driven by strong momentum in retail deposits. Ujjivan Small Finance Bank in a statement mentioned, "The bank crossed the Rs. 20,000 crore milestone in both advances and deposits showing robust growth."

Ujjivan Small Finance Bank - stock performance

Ujjivan Small Finance Bank has given a strong and consistent performance on NSE, in the past 1 year. Today, the current market price of the bank was quoted at Rs. 25.45, a piece on NSE, up by 4.73%, intra day. Its share price today hit a fresh 52-week high Rs. 26.45 a piece, with around 8% intra day upside. In the last 5 days, its share price gained by 17.01%, in the last 6 months, its share price gained by 39.84%, while in the last 1 year, its share price rallied by 23.24%. It is a small-cap stock with a market capitalization of Rs. 4,983 crore.

The 52-week high level of this stock is Rs. 26.45, and the 52-week low level of this stock is Rs. 26.45.

Market capitalization	Current market price	6 Months Upside	1 Year Upside
Rs. 4,983 crore	Rs. 25.45	39.84%	23.24%

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the brokerage firm, and the author are not liable for any losses caused as a result of decisions based on the article.