Ujjivan Financial, SFB in focus: Stocks hit 52-week highs in volatile mkt

In Q2FY23, Ujjivan Small Finance Bank's gross loan book jumped 44 per cent YoY to Rs 20,938 crore on the back of sustained growth in disbursement

Shares of Ujjivan Financial Services (UFSL), and Ujjivan Small Finance Bank (SFB) hit their respective 52- week highs on the BSE in Friday's intra-day trade, extending their previous day's rally, after Ujjivan SFB reported a healthy business update for the September quarter (Q2FY23).

Among individual stocks, Ujjivan SFB rallied 8 per cent to Rs 26.40 in the intra-day trade today, surging 21 per cent in the past three trading days, amid heavy volumes. The stock surpassed its previous high of Rs 25.85, which it had touched on September 13, 2022. A combined 10.3 million equity shares had changed hands