External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Ujjivan Small Finance Bank  / Equity Bottom-Up

Ujjivan Small Finance Bank  (UJJIVANS IN)

<p>We maintain our BUY recommendation and value UJSFB at 1.7x FY23E ABV to arrive at a target price of Rs 32/share, implying an upside of 17% from CMP.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We maintain our BUY recommendation and value UJSFB at 1.7x FY23E ABV to arrive at a target price of Rs 32/share, implying an upside of 17% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ujjivan Small Finance Bank: Asset Quality Stress Persist, Improvement Visible in Jul 21 Collections