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News Topical, Digital Desk : The trend of growth in the stock market continues and on Friday the market witnessed growth for the 8th consecutive session. Market experts are of the opinion that the domestic economy may see very good growth in the coming times, so one can enter the market with a long-term perspective. This week, advice has come about many stocks. One of these advices is about Ujjivan Small Finance Bank. Both the market giants ICICI Securities and MK Global have advised buying the stock.
What is the opinion about the stock?
MK Global has advised investing in the stock with a target of 60. At the same time, ICICI Securities has given a target of 55. The stock is currently trading below the level of 47. That is, the stock can register a maximum gain of up to 28 percent from here. According to the report of ICICI Securities, Ujjivan Small Finance Bank is one of the few SFBs that have successfully increased their loan portfolio. Future indications also look strong. At the same time, according to the report of MK, the asset quality may get stronger in the coming time, especially from the second half.
How was the performance of the stock? The stock has gained more than 9 percent in the last one week. At the same time, the stock has grown 38 percent so far this year. However, in the last one year, the return of the stock is just over 10 percent. The stock is trading 51 percent above its year's low. However, even at this level, the stock is more than 10 percent below its year's high.
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