Shares of Ujjivan Financial Services on Thursday jumped nearly 13 percent after the company reported over 79 percent jump in its consolidated net profit in the March 2020 quarter
Ujjivan Small Finance Bank makes stellar debut on stock exchanges; gains 57% against issue price of Rs 37
Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank.
Ujjivan Small Finance Bank, which recently concluded its Rs 750-crore initial public offering, will make the stock market debut on Thursday
Ujjivan Small Finance Bank has received markets regulator SEBI's go-ahead to raise Rs 1,200 crore through an initial public offer (IPO)
Nonetheless, the central bank concluded that the recent deceleration in the economy is in the “nature of a soft patch mutating into a cyclical downswing, rather than a deep structural slowdown.”
The sharp fall in these stocks came amid the RBI reiterating that their small finance banks should be listed within three years from the date of commencement of operations.
Small Finance Banks will have to follow norms relating to minimum balance, inoperative accounts, nominations, and cheques/drafts.
In the 13th year of assessment, Great Place To Work® Institute, India has recognised the 100 best workplaces that comprise of organisations across 16 industries, with employee strength varying from less than 500 to more than 10,000,
In less than a month's time, the stock has witnessed frenzied buying, soaring a whopping 83 percent to touch a high of Rs 400 in today's intra-day trade as against its issue price of Rs 210.
Shares of microfinance player Ujjivan Financial Services today made a strong debut at the bourses, surging more than 10 percent over the issue price of Rs 210