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    HomeNewsBusinessStocksHold Ujjivan Financial; target of Rs 430: Centrum

    Hold Ujjivan Financial; target of Rs 430: Centrum

    Centrum recommended hold rating on Ujjivan Financial with a target price of Rs 430 in its research report dated May 14, 2018.

    Broker Research
    May 23, 2018 / 15:46 IST
       
       
      26 Aug, 2025 12:21
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      Centrum's research report onUjjivan Financial

      Since our last note (Q3’18) the stock is up 34% on expectations of improved loan growth, receding asset quality and slow yet steady progression towards the SFB transition. Q4’18 results saw each of these aspects play out well. Growth guidance has been revised upwards; asset quality improving and we have factored the same into our estimates.

      Outlook

      We expect RoA /RoE for Ujijvan to inch towards 2.3% / ~15% by end-FY20E. Valuations at 2.2x FY20E ABV however limit near term upside. Downgrade to HOLD with TP at Rs430 (valued at 2.3x FY20E). Key risks: Higher than expected compression in margins or lower growth.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: May 23, 2018 03:46 pm

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