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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Ujjivan Small Finance Bank  / Equity Bottom-Up

Ujjivan Small Finance Bank  (UJJIVANS IN)

<ul><li>Ujjivan Small Finance Bank (Ujjivan) hosted an Analyst Meet and reiterated its guidance for muted FY26 earnings while showcasing its medium-term strategy of upscaling the mix of secured loans and individual micro-banking portfolio</li><li>Basis our channel checks, we believe that lenders (including Ujjivan) have been witnessing a gradual improvement in collection efficiencies in their micro-banking portfolio (including Karnataka) during July and August, indicative of stress peaking out in the MFI portfolio</li><li>Although the MFI stress is expected to normalize downwards during H2FY26, we expect the overall stress to remain elevated for Ujjivan, resulting in muted return ratios</li></ul><p><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></p>

Ujjivan Small Finance Bank (Ujjivan) hosted an Analyst Meet and reiterated its guidance for muted FY26 earnings while showcasing its medium-term strategy of upscaling the mix of secured loans and individual micro-banking portfolioBasis our channel checks, we believe that lenders (including Ujjivan) have been witnessing a gradual improvement in collection efficiencies in their micro-banking portfolio (including Karnataka) during July and August, indicative of stress peaking out in the MFI portfolioAlthough the MFI stress is expected to normalize downwards during H2FY26, we expect the overall stress to remain elevated for Ujjivan, resulting in muted return ratiosContent 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: Muted FY26, Building for a Diversified Mix. Maintain ADD