/ Ujjivan's Down 2.7% Ahead Of Its Q3 Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 19 January 2017


Ujjivan Financial Services, a microfinance lender, is expected to post its Q3 FY17 numbers on January 19, 2017. According to the Street estimates, this NBFC may post weak numbers due to an impact of demonetisation on the sector as a whole, a factor which may have hit the loan disbursements. 

Company may post a net profit of Rs 75.7 crore during Q3 FY17; and may post a decline of 6.4% in its net interest income to Rs 209.2 crore. If Company’s Asset Under Management (AUM) grows 6-8%; and if net interest margin remains above 12%, we may see positive results. 

The stock of Ujjivan is down 2.7% at 353 levels, making lower tops and lower bottoms in intraday trade ahead of results. Company has seen profit booking after posting three consecutive upbeats. Ujjivan Financial Services Ltd is currently trading at Rs 352.7, down by Rs 9.9 or 2.73% from its previous closing of Rs 362.6 on the BSE.

The scrip opened at Rs 363.4 and has touched a high and low of Rs 365 and Rs 350.5 respectively. So far 1060270(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4309.29 crore. The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 547 on 28-Jul-2016 and a 52 week low of Rs 217.05 on 10-May-2016. Last one week high and low of the scrip stood at Rs 366.95 and Rs 325.25 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 66.14 % and 33.86 % respectively. The stock is currently trading above its 100 DMA.
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