Ujjivan Financial Services Receives 'Buy' Rating from MarketsMOJO, Strong Fundamentals and Impressive Growth Indicate Promising Future

Jan 16 2024 06:10 PM IST
share
Share Via
Ujjivan Financial Services, a leading NBFC in the midcap industry, has received a 'Buy' rating from MarketsMojo on January 16, 2024. The company has shown strong long-term fundamental strength with a 37.44% CAGR growth in operating profits and consistent positive results for the past 7 quarters. Its stock is currently in a bullish range and trading at an attractive valuation, making it a promising investment opportunity.
Ujjivan Financial Services, a leading finance and non-banking financial company (NBFC) in the midcap industry, has recently received a 'Buy' rating from MarketsMOJO on January 16, 2024.

This upgrade is based on the company's strong long-term fundamental strength, with a remarkable 37.44% CAGR growth in operating profits. This indicates a healthy and sustainable growth trajectory for the company.

In addition, Ujjivan Financial Services has consistently delivered positive results for the past 7 quarters, with its net sales reaching a record high of Rs 1,496.22 crore and PBDIT at Rs 965.96 crore. This showcases the company's strong financial performance and stability.

From a technical standpoint, the stock is currently in a bullish range and has shown significant improvement since January 16, 2024. Multiple indicators such as MACD, Bollinger Band, KST, and OBV also suggest a bullish trend for the stock.

Moreover, with a ROE of 22.9 and a price to book value of 2, the stock is currently trading at an attractive valuation. It is also trading at a discount compared to its historical average, making it a good investment opportunity.

In the past year, Ujjivan Financial Services has generated a return of 125.93%, outperforming the market (BSE 500) returns of 28.61%. This impressive performance is further supported by the company's profits rising by 84.8%, resulting in a PEG ratio of 0.1.

Additionally, the stock has a high institutional holding of 42.5%, indicating that these investors have better capabilities and resources to analyze the company's fundamentals compared to retail investors.

In conclusion, Ujjivan Financial Services is a strong and promising company in the finance and NBFC industry, with a positive outlook for its future growth and performance. With its attractive valuation, market-beating performance, and high institutional holdings, it is a stock worth considering for investment.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
Why is Lancor Holdings falling/rising?
4 seconds ago
share
Share Via
Why is SRF falling/rising?
23 seconds ago
share
Share Via
Why is Emerald Finance falling/rising?
30 seconds ago
share
Share Via
Why is Amforge Inds. falling/rising?
32 seconds ago
share
Share Via
Why is Cineline India falling/rising?
36 seconds ago
share
Share Via
Why is Can Fin Homes falling/rising?
39 seconds ago
share
Share Via
Why is Tech Mahindra falling/rising?
1 minute ago
share
Share Via