123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Ujjivan Small Finance Bank Listing Impact On Holding Company

Profile Picture
By Author: Stock Investor
Total Articles: 246
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Ujjivan Small Finance Bank, the auxiliary of Ujjivan Financial Services initiated its first exchange on BSE at a cost of Rs 58 on December 12. It got recorded with a premium of about 56.75 percent which is higher than the issue cost of Rs 37 for each offer. The Rs 750 Cr public issue is getting a gigantic reaction. Moreover, the stock showed a decent working exhibition and resource quality in April to September 2019 contrasted with the prior years.

The market master Hemang Jani, Senior Vice President, Sharekhan shared his perspectives on the Ujjivan Small Finance Bank Listing in a meeting with ETNow and some more.

Q: Are you expecting a guard posting for Ujjivan Small Finance Bank?

He said truly, in light of the market assumption for IPOs.
Also, Ujjivan SFB showed a decent improvement in profit with respect to NPL quality. Aside from it, the development perceivability is around 18-20%. According to the master, the stock may open around Rs 52.

Then again, the posting sway is probably going to be on the holding organization Ujjivan Financial Services. As per our board ballpark count, the reasonable estimation of Ujjivan would be around 350 to 360 premise posting of about Rs 50.

Q: PSU Banks are again in center. A few measures have been taken so as to support cash stream and transmission in the close to term. What do you say about the most recent turns of events?

Right now, there is a requirement for ideal results in the market. The administration is investigating every possibility to recoup liquidity and transmission. It additionally attempts to bring back the feeling. Notwithstanding, we are not yet to perceive any significant cash re-visitation of the PSU banks. According to the master, the market would not get this decidedly until there are genuine numbers in the books.

Q: Bhushan Steel bargain most likely endorsed because of IBC changes and ring-fencing on obligation. Presently JSW won't at risk for Bhushan Fraud. Will it be the primary hindrance to the procurement?

At long last, ring-fencing and no risk with respect to the purchaser would demonstrate a positive sign for the whole segments. Scarcely any PSU banks are probably going to encounter a re-rating. The specialists accepted that the market would not respond decidedly except if the cash re-visitation of the banks and the arrangement delivers a decent outcome.

Total Views: 28Word Count: 391See All articles From Author

Add Comment

Business Articles

1. Application Of Bt-150d Cnc Insert Grinding Machine
Author: yang huimin

2. Global Augmented Analytics Market
Author: Rupali Dagade

3. Global Automotive Fuel Cell Market
Author: Rupali Dagade

4. Global Commercial Drones Market
Author: Rupali Dagade

5. How To Choose The Right Nitrile Gloves For Your Application?
Author: Nancy Foo

6. How To Use Eyeshadow Boxes To Delight Your Eyeshadow
Author: Sam Wilson

7. May You Should Know About Urea Formaldehyde Resin Powder
Author: Kimi

8. Unique Idea's Of Bath Bomb Boxes For Your Products
Author: Kevin Marshall

9. Custom Candle Boxes | Wholesale Candle Packaging
Author: custom boxes plus

10. Top Slurry Eductor
Author: crystaltcs

11. Improve The Marketing Of Your Products With Pos Display
Author: harryjason

12. Dubai Business Initiatives Earn Praise From Al Maya Group
Author: samidhaharinna

13. A 2020 Tax Year Guide For Solopreneurs
Author: eWomen Network

14. Checking Out Leading Food Distributors In Oman
Author: samidhaharinna

15. Boost Up Your Business Through Top Notch And Quality Loan
Author: Mission vally capital

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: