Ujjivan Small Finance Bank listed with a massive 56 percent premium over its issue price on December 12 despite volatility in the market.The stock touched an intraday high of Rs 62.8 on the National Stock Exchange (up 70 percent) after opening at Rs 58.75 against IPO price of Rs 37. The bumper listing was on expected lines given the strong response received for the company's IPO.Combined volume on BSE and National Stock Exchange was more than 20 crore equity shares.Close Ujjivan Small Finance Bank (USFB) is a subsidiary of microfinance lender Ujjivan Financial Services. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Most experts are now advising investors to hold the stock for longer term on the back of good fundamentals. Though some suggest investors can do partial profit booking and hold the rest for longer term."Ujjivan SFB's … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?
Department of finance
With a little over 100 days to go for the Budget 2018 - the Centre has formally kick-started its Budget making exercise. The finance ministry has issued the Budget circular 2018-2019. CNBC-TV18's Sapna Das gives a heads-up as to how the whole exercise will proceed from here.Watch video for more….Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about Finance Ministry kick-starts Budget exercise, issues circular
AnandRathiBajaj Finance is one of the largest players in the rapidly growing consumer finance segment in India and a pioneer in introducing interest-free EMI finance options in more than 50 categories, ranging from consumer durables to lifestyle products to groceries.Apart from consumer finance, the company also has substantial business penetration in SME, commercial and rural lending. With housing as subsidiary, mortgages are also gaining traction.Close The company offers wide range of products to its customers through multiple segments which includes products such as consumer durable loans, digital product loans, lifestyle product loans, 2-wheeler & 3-wheeler loans, salaried personal loans, e-commerce consumer finance, working capital loans, loan to professionals, commercial loans, gold loans, home loans etc.Moneycontrol ContributorContributor|Moneycontrol News MNCs, corporates and SMEs take up bulk of co-working spaceRs 25K crore realty stress fund: Speedy, effective … [Read more...] about Buy Bajaj Finance with target Rs 4,818: AnandRathi
Shares of Ujjivan Small Finance Bank closed with a gain of 51 percent on the listing day, December 12, on the back of buying interest from investors and strong subscription seen during IPO.The stock closed at Rs 55.90 on the BSE, a gain of 51.09 percent, or Rs 18.90 over issue price of Rs 37. It touched an intraday high of Rs 62.80 and low of Rs 53.10 after listing at Rs 58.On the National Stock Exchange, it rallied 51.22 percent to end at Rs 55.95 after hitting a day's high of Rs 62.80 and low of Rs 53.05. The opening price was Rs 58.75.Close Ujjivan SFB traded with volumes of 25.14 crore shares on the NSE and 1.61 crore shares on the BSE. related news Sterling & Wilson Solar share price gains 3% after Australian arm executes order Hikal share price jumps 12% as Panoli plant receives EIR from USFDA HDFC becomes the 5th firm to cross Rs 4 lakh crore in market cap "The experience of Ujjivan Financial Services as an erstwhile microfinance institution, coupled with the … [Read more...] about Ujjivan Small Finance Bank gains 51% on the first day
Tracking positive global cues, the bulls remained in control of D-Street on December 12 pushing the Sensex higher by more than 150 points while the Nifty flirted with 12,000.Let’s look at the final tally on D-Street: the Sensex rose 169 points to 40,581, while the Nifty closed 61 points higher at 11,971 after touching an intraday high of 12,005.Close Sectorally, the action was seen in metals, public sector, auto, banks, and capital goods space, while profit taking was visible in IT and telecom stocks. related news Hot stocks: One sell, two buy ideas for 7-9% returns Closing Bell: Nifty ends above 11,950, Sensex gains 169 pts; metal, bank shine IT remained under pressure largely on account of the Indian rupee touching one-month high against the US dollar.The BSE Midcap index was up 0.69 percent and the BSE Smallcap index rose 0.59 percent.Investors waited for infrastructure output and inflation data that was to be released after the market hours.“US FED’s … [Read more...] about Taking Stock: Bulls charge D-St! Ujjivan Small Finance up 50% on listing day