Economy
ICICI Securities Sees 51% Upside for Ujjivan Small Finance Bank
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THE BRIEF
1
ICICI Securities maintained a 'Buy' recommendation for Ujjivan Small Finance Bank, revising its target price to ₹95 based on strong first-half financial performance.
2
The bank reported robust earnings momentum in the first half of fiscal 2026-27, supported by 32% year-on-year AUM growth.
3
Ujjivan shares ended Wednesday at ₹61.95, reflecting a 1.92% decline for the day, though the stock has delivered 177% returns over the last five years.