Latest news with #UjjivanSmallFinanceBank
Mint
09-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts pick three stocks to buy today amid escalating tension of India-Pakistan war
Stocks to buy under ₹ 100: The Indian stock market closed lower on Thursday, May 8, as rising tensions between India and Pakistan dampened investor confidence. The Indian stock market began the day on a strong note but experienced a steep decline in the final hour of trading after the Indian government announced that its armed forces had struck air defence radars and systems at various sites in Pakistan. The Nifty 50 ended the session down 0.51%, slipping below the 24,300 level to finish at 24,273, while the Sensex declined by 411 points, or 0.51%, closing at 80,334. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "The market volatility is expected to persist as investors track further developments on the India-Pakistan front and US trade announcements." On the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of Nifty today is weak with high volatility. Rising geopolitical tension is weighing heavily on the market and leading to nervousness. A further fall below 24,200 could open the next lower support of 23,850. Immediate resistance for Nifty today is placed at 24,450." When asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, 'The Bank Nifty index on a daily chart formed a big red candle, indicating selling pressure at higher levels. Immediate resistance for Nifty today is placed at 55,000, followed by 56,000, while key support lies at 53,890.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mehul Kothari, Deputy Vice President—Technical Research at Anand Rathi; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities—recommended buying these three intraday stocks: Ujjivan Small Finance Bank, IDFC First Bank, and Restaurant Brands Asia. 1] Ujjivan Small Finance Bank: Buy at ₹ 42, Target ₹ 46, Stop Loss ₹ 40. 2] IDFC First Bank: Buy at ₹ 66, Target ₹ 70, Stop Loss ₹ 63.50. 3] RBA: Buy at ₹ 76.40, Target ₹ 80, Stop loss ₹ 75.
Mint
09-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts pick three stocks to buy today amid escalating tension of India-Pakistan war
Stocks to buy under ₹ 100: The Indian stock market closed lower on Thursday, May 8, as rising tensions between India and Pakistan dampened investor confidence. The Indian stock market began the day on a strong note but experienced a steep decline in the final hour of trading after the Indian government announced that its armed forces had struck air defence radars and systems at various sites in Pakistan. The Nifty 50 ended the session down 0.51%, slipping below the 24,300 level to finish at 24,273, while the Sensex declined by 411 points, or 0.51%, closing at 80,334. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "The market volatility is expected to persist as investors track further developments on the India-Pakistan front and US trade announcements." On the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of Nifty today is weak with high volatility. Rising geopolitical tension is weighing heavily on the market and leading to nervousness. A further fall below 24,200 could open the next lower support of 23,850. Immediate resistance for Nifty today is placed at 24,450." When asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, 'The Bank Nifty index on a daily chart formed a big red candle, indicating selling pressure at higher levels. Immediate resistance for Nifty today is placed at 55,000, followed by 56,000, while key support lies at 53,890.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mehul Kothari, Deputy Vice President—Technical Research at Anand Rathi; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities—recommended buying these three intraday stocks: Ujjivan Small Finance Bank, IDFC First Bank, and Restaurant Brands Asia. 1] Ujjivan Small Finance Bank: Buy at ₹ 42, Target ₹ 46, Stop Loss ₹ 40. 2] IDFC First Bank: Buy at ₹ 66, Target ₹ 70, Stop Loss ₹ 63.50. 3] RBA: Buy at ₹ 76.40, Target ₹ 80, Stop loss ₹ 75. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
09-05-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today amid escalating tension of India-Pakistan war
Buy or sell stocks: The Indian stock market closed lower on Thursday, May 8, as rising tensions between India and Pakistan dampened investor confidence. The Indian stock market began the day on a strong note but experienced a steep decline in the final hour of trading after the Indian government announced that its armed forces had struck air defence radars and systems at various sites in Pakistan. The Nifty 50 ended the session down 0.51%, slipping below the 24,300 level to finish at 24,273, while the Sensex declined by 411 points, or 0.51%, closing at 80,334. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is cautiously positive. The Nifty 50 index closed around 24,250 after facing a hurdle at 24,400. The Prabhudas Lilladher expert maintained that the 50-stock index has crucial support at 24,050. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index once again witnessing resistance 24400 zone has tanked post the lunch session amid ongoing tensions across the border to close near the 24250 zone with bias and sentiment maintained with a cautious approach awaiting further developments in the coming days. As mentioned earlier, the index is precariously placed, having the crucial support zone near the 200-period MA at 24050 levels, which needs to be sustained as of now." "The Bank Nifty index amid high volatility found resistance near the 54900 zone, and with heavy profit booking, witnessed the end of the session below the 54400 level, with sentiment precariously placed with a cautious approach. The index would need to maintain above the near-term support of the 54000 zone to expect consolidation, failing which, the situation can turn weak with the trend turning down," Parekh said. Parekh said that today, support for the Nifty is at 24,000, while resistance is at 24,500. The Bank Nifty would have a daily range of 53,700 to 55,000. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Ujjivan Small Finance Bank, Genus Power, and CG Power. 1] Ujjivan Small Finance Bank: Buy at ₹ 42, Target ₹ 46, Stop Loss ₹ 40; 2] Genus Power: Buy at ₹ 289, Target ₹ 310, Stop Loss ₹ 278; and 3] CG Power: Buy at ₹ 624, Target ₹ 660, Stop Loss ₹ 600. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
30-04-2025
- Business
- Economic Times
Ujjivan Small Finance Bank Q4 Results: Profit falls 75% to Rs 83 crore amid rising credit costs
Higher credit cost and lower net interest income pulled Ujjivan Small Finance Bank's net profit 75% down at Rs 83.4 crore for the fourth quarter against Rs 330 crore in the year-ago period. ADVERTISEMENT Its operating profit for the quarter was 31% down at Rs 360 crore against 519 crore, as expenditure rose more than the rise in total income. "We expect the NIM to remain around this level as 84% of our loans are fixed in nature and therefore the policy rate cuts have not much impact on our books," managing director Sanjeev Nautiyal told ET. Net interest income was down 7% year-on-year at Rs 864 crore due to nearly 20% higher interest outgo, which was on account of mobilising deposits at higher income rose 4.4% at Rs 1843 crore while total expenditure rose as high as 19% at Rs 1483 crore. Rise in employee cost, besides higher interest payment to depositors was the main reason behind sharply higher expenditure. ADVERTISEMENT The bank set aside Rs 265 crore as provisions and contingencies during the quarter as against Rs 79 crore in the year-ago period, raising the credit cost. The credit cost for the entire year was 2.5% against 0.8% in the preceding fiscal, as an indication of the stress in the microfinance lending gross non-performing assets ratio fell marginally to 2.18% of the gross advances at the end of FY25 from 2.23% a year back, as the base grew 8% year-on-year to Rs 32122 crore. Gross NPA in absolute terms rose to Rs 696 crore from Rs 613 crore over the same period. ADVERTISEMENT "The numbers are still elevated but they are lower than the industry average," Nautiyal said. The bank's loan disbursements during the fourth quarter was the highest ever at Rs 7,440 Crore, up 39% quarter-on-quarter and 11% year-on-year. The secured book crossed Rs 13,988 Crore, up 56% year-on-year, now contributing 44% of the loan portfolio, up from 30% last year. ADVERTISEMENT The bank also reported a 38% quarter-on-quarter growth in microfinance loan disbursement, going against the industry trend. The bank's deposits expanded 20% year-on-year to Rs 37,630 crore with the ratio of low-cost current and savings accounts deposits being at 25.5% at the end of the last fiscal. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
30-04-2025
- Business
- Time of India
Ujjivan Small Finance Bank Q4 Results: Profit falls 75% to Rs 83 crore amid rising credit costs
Higher credit cost and lower net interest income pulled Ujjivan Small Finance Bank 's net profit 75% down at Rs 83.4 crore for the fourth quarter against Rs 330 crore in the year-ago period. Its operating profit for the quarter was 31% down at Rs 360 crore against 519 crore, as expenditure rose more than the rise in total income. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-Founder of Google Brain, Andrew Ng, Is Reported To Have Read Every... Blinkist: Andrew Ng's Reading List Undo "We expect the NIM to remain around this level as 84% of our loans are fixed in nature and therefore the policy rate cuts have not much impact on our books," managing director Sanjeev Nautiyal told ET. Net interest income was down 7% year-on-year at Rs 864 crore due to nearly 20% higher interest outgo, which was on account of mobilising deposits at higher costs. Total income rose 4.4% at Rs 1843 crore while total expenditure rose as high as 19% at Rs 1483 crore. Rise in employee cost, besides higher interest payment to depositors was the main reason behind sharply higher expenditure. Live Events The bank set aside Rs 265 crore as provisions and contingencies during the quarter as against Rs 79 crore in the year-ago period, raising the credit cost. The credit cost for the entire year was 2.5% against 0.8% in the preceding fiscal, as an indication of the stress in the microfinance lending business. Its gross non-performing assets ratio fell marginally to 2.18% of the gross advances at the end of FY25 from 2.23% a year back, as the base grew 8% year-on-year to Rs 32122 crore. Gross NPA in absolute terms rose to Rs 696 crore from Rs 613 crore over the same period. "The numbers are still elevated but they are lower than the industry average," Nautiyal said. The bank's loan disbursements during the fourth quarter was the highest ever at Rs 7,440 Crore, up 39% quarter-on-quarter and 11% year-on-year. The secured book crossed Rs 13,988 Crore, up 56% year-on-year, now contributing 44% of the loan portfolio, up from 30% last year. The bank also reported a 38% quarter-on-quarter growth in microfinance loan disbursement, going against the industry trend. The bank's deposits expanded 20% year-on-year to Rs 37,630 crore with the ratio of low-cost current and savings accounts deposits being at 25.5% at the end of the last fiscal.
