{"id":104967,"date":"2023-07-06T17:01:49","date_gmt":"2023-07-06T11:31:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104967"},"modified":"2023-07-06T17:48:40","modified_gmt":"2023-07-06T12:18:40","slug":"multibagger-bank-stock-jumps-up-to-5-on-robust-business-updates-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-bank-stock-jumps-up-to-5-on-robust-business-updates-check-the-details\/","title":{"rendered":"Multibagger Bank stock jumps up to 5% on robust business updates; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2903369408\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small-cap Banking stock jumped up to 5 percent after it provided key business updates. The scrip has seen a rally of about 40 percent in the last six months. The company has a market capitalization of Rs 8,000 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-120626083\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Shares of Ujjivan Small Finance Bank Limited closed today at Rs 41.10. The scrip witnessed an intra-day high of Rs 42.80, which is also marked as the new 52-week high price, indicating a gain of 5 percent compared to the previous closing price of Rs 40.65.&nbsp;<\/p><p>Keeping a purview of one year, the company\u2019s stock has been able to deliver multibagger returns of approximately 152 percent. It means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.52 Lakhs within a period of one year.&nbsp;<\/p><p>There were positive sentiments around the stock after the company released a filing dated 5th July 2023 with the Bombay Stock Exchange (BSE) providing some key business highlights.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3122779250\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The total deposits of the Bank rose by 44 percent from Rs 18,449 crores in June 2022 to Rs 26,655 crores in June 2023. Moreover, the amount of disbursements, during the same time horizon, moved from Rs 4,327 crores to Rs 5,280 crores representing an increase of 22 percent.&nbsp;<\/p><p>The Bank\u2019s shares will be trading ex-dividend on 14th July 2023 with the record date being the same as ex-date due to the \u2018T+1\u2019 settlement cycle for securities.&nbsp;<\/p><p>The company has been successful in increasing the basic financial metrics with the recent financial reports portraying a jump in standalone total income as well as net profits. The total income went up from Rs 3,126 crores during FY21-22 to Rs 4,754 crores in FY22-23 and net profits transitioned from losses of Rs 415 crores to profits of Rs 1,100 crores during the same period.&nbsp;<\/p><p>The non-performing assets (NPAs) of the Private-sector Bank reduced with the gross NPAs declining from 7 percent during FY21-22 to 3 percent in FY22-23 and net NPAs, in congruence, reduced from 0.61 percent to 0.04 percent.&nbsp;<\/p><p>Commencing its operations in 2017, Ujjivan Small Finance Bank Limited is an Indian SFB catering to the unserved segments of society. Some of its offerings include current accounts, savings accounts, deposit accounts, etc.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2017760525\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3721076190\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small-cap Banking stock jumped up to 5 percent after it provided key business updates. The scrip has seen a rally of about 40 percent in the last six months. The company has a market capitalization of Rs 8,000 crores.&nbsp; Shares of Ujjivan Small Finance Bank Limited closed today at Rs 41.10. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-104967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger Bank stock jumps up to 5% on robust business updates; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small-cap Banking stock jumped up to 5 percent after it provided key business updates. The scrip has seen a rally of about 40 percent in the last six months. 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