ICICI Securities retains buy rating on Ujjivan Small Finance Bank
Ujjivan Small Finance Bank shares fell to ₹61.95 on Wednesday, but ICICI Securities retained a Buy rating with a higher target price.
Growth Brief DeskPublished 1 min read
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Key facts
- Ujjivan Small Finance Bank shares fell 1.92% to ₹61.95 on Wednesday.
- The stock has delivered 177% returns over the past five years.
- ICICI Securities retained its Buy rating and raised its target price.
- Analysts see a 51% upside potential for the small finance bank stock.
Ujjivan Small Finance Bank shares declined by 1.92% to settle at ₹61.95 on Wednesday, according to a report by Mint. Despite the recent dip, the stock has posted gains of 22.75% over the past year.
Brokerage firm ICICI Securities has maintained its Buy rating on the small finance bank while revising its target price upwards. Analysts at the firm have highlighted a potential upside of 51% from current levels.
The lender's shares have demonstrated strong long-term performance, delivering returns of 177% over a five-year period.
Why it matters
For retail investors tracking the banking sector, brokerage ratings offer a lens into institutional sentiment amid short-term stock volatility. While Ujjivan Small Finance Bank shares recently dipped to ₹61.95, analysts see substantial room for growth based on past performance and revised targets. Investors should evaluate their risk appetite and portfolio alignment before acting on brokerage recommendations, keeping a close eye on broader market trends and the lender's fundamental execution.
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Sources
Source: Mint