Ujjivan Small Finance Bank Hits New 52-Week High of Rs. 52.5

Ujjivan Small Finance Bank has reached a significant milestone by hitting a new 52-week high of Rs. 52.5 today. This achievement marks a notable performance for the small-cap bank, especially considering its impressive one-year return of 45.04%, significantly outpacing the Sensex, which has gained 6.61% over the same period.
Despite today's performance showing a slight underperformance against its sector by 0.44%, Ujjivan Small Finance Bank has demonstrated resilience with three consecutive days of gains, accumulating a total return of 3.11% during this timeframe. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price action.

As the broader market continues to show bullish momentum, with the Sensex climbing 357.17 points to 84,654.56, Ujjivan Small Finance Bank's performance reflects its solid position within the banking sector. The stock's previous 52-week low was recorded at Rs. 30.85, highlighting the significant recovery and growth it has achieved over the past year.