Ujjivan Financial, Small Finance Bank hit 52-week lows; tank up to 7%

Ujjivan Financial Services has corrected 60 per cent, while Ujjivan Small Finance Bank has slipped 55 per cent from their respective 52-week highs

Shares of Ujjivan Financial Services (down 7 per cent at Rs 105) and Ujjivan Small Finance Bank (down 3 per cent at Rs 17.40) hit their respective 52-week lows on the BSE in Monday's intra-day trade. These stocks have corrected 60 per cent and 55 per cent, respectively from their 52-week highs level. In comparison, the S&P BSE Sensex was down 0.83 per cent at 57,353 points at 10:19 AM.

Since August 20, 2021, the stock of Ujjivan SFB has slipped 28 per cent after the exit of multiple board members and management executives, including Nitin Chugh. It has appointed