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Buy Ujjivan Financial Services, target Rs 326: Dr CK Narayan

Buy Ujjivan Financial Services Ltd. at a price target of Rs 326.0 and a stoploss at Rs 314 from entry point.

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Last Updated: Mar 08, 2019, 09.04 AM IST
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Dr CK Narayan of Chart Advise has a buy call on Ujjivan Financial Services Ltd. with a target price of Rs 326. The current market price of Ujjivan Financial Services Ltd. is Rs 318.9. Time period given by the analyst is Intra Day when Ujjivan Financial Services Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 314. Ujjivan Financial Services Ltd., incorporated in 2004, is a midcap company has a market cap of Rs 3846.47 crore. Ujjivan Financial Services Ltd. key Products/Revenue Segments include for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 470.40 Crore, up 9.55 % from last quarter Sales of Rs 429.40 Crore and up 31.38 % from last year same quarter Sales of Rs 358.06 Crore Company has reported net profit after tax of Rs 45.20 Crore in latest quarter. The company’s top management includes Mr.Abhijit Sen, Mr.Amit Gupta, Mr.Jayanta Basu, Mr.K R Ramamoorthy, Mrs.Sudha Suresh, Ms.Vandana Viswanathan. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 31-12-2018, the company has a total of 121,121,875 shares outstanding.

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