Ujjivan Financial Services Ltd up by 5.55 percent | Espresso Shot of the Day

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Espresso Shot of the Day - Ujjivan Financial Services Ltd up by 5.55 percent

July 01, 2022
Espresso Shot of the Day - Ujjivan Financial Services Ltd up by 5.55 percent

UJJIVAN FINANCIAL SERVICES LTD 142.70  (+5.55%)  BSE –INE334L01012 | 1st JULY 2022

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Ujjivan Financial Services Limited started operations as an NBFC in 2005 with a mission to provide a full range of financial services to the economically active poor who are not adequately served by traditional financial institutions. Soon,they became the largest MFI in the country, having geographical spread their operations across 24 states and union territories, and 209 districts across India. Ujjivan's erstwhile business was primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. They also offered individual loans to Micro & Small Enterprises ("MSEs"). To truly touch the lives of their customers, Ujjivan adopted an integrated approach to lending, which combines a high customer touch-point typical of microfinance, with the technology infrastructure and related back-end support functions similar to that of a retail bank.


Recent Drivers

  • Ujjivan Small Finance Bank (Ujjivan SFB) said that its board has approved the proposal to raise up to Rs 1,500 crores through non-convertible debt securities.
  • Net Sales was reported at Rs. 850.46 crores in March 2022, up 18.67% from Rs.716.65 crores in March 2021.
  • The Quarterly Net Profit was reported at Rs.98.95 crores in March 2022, up 41.25% from Rs. 70.06 crores in March 2021
  • The company appointed Mr. Radhakrishnan Ravi, as Chief Executive Officer (CEO) & Chief Financial Officer (CFO) effective from April 19, 2022
(Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE small cap month till date lose by -5.93
  • 3 months avg. NSE volume: 8,86,983
  • Quantity traded: 44,409| Deliverable quantity: 14060 (31.66%)
  • Stock price jumped by 50 % from a one-year low level: 96.10 (Feb 24, 2022)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 261.70| 52-week-low: 96.10


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

438.75

374.80

253.40

189.45

68.05

4.10

-

    -

Fibonacci Pivot

374.80

304.00

260.25

232.08

189.45

146.82

118.65

74.90

4.10


Today’s Close

284.55

SMA

BSE

10 DAY

128.32

20 DAY

131.50

50 DAY

135.99

200 DAY

137.72


Some Key Ratios (Source: BSE)

Market Cap:  1,736.35 Crores

PE:  759.36

OPM%: -

ROE%:  0.12

Promoters holding%: -

Prev. Close:  135.20


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Private Ltd. is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.