Utkarsh Small Finance Bank Hits All-Time Low Amidst Ongoing Volatility and Declining Performance

Utkarsh Small Finance Bank has experienced significant volatility, reaching an all-time low of Rs. 21.8 today. The stock has underperformed the sector, declining by 1.45% and showing a consecutive fall over the past two days, with a total drop of 6.04%. In terms of moving averages, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.
Over the past month, Utkarsh Small Finance Bank has seen a staggering decline of 29.28%, while its performance over the last year has plummeted by 56.87%. The bank reported a negative profit after tax of Rs. -168.05 crore for the December quarter, a significant drop of 244.7% compared to the previous four-quarter average. Despite a 28.14% growth in interest income, the operating profit to interest ratio has reached a low of 0.18 times.

Institutional investor participation has also waned, with a 1.44% decrease in stake over the last quarter. The bank maintains a high capital adequacy ratio of 17.88%, indicating a solid buffer against risk, but the overall market performance has not favored the stock, which has significantly lagged behind the broader market indices.