Categories: Business

Ujjivan Financial Services stock up 12%, effects of better results

stock market
Image Source: GOOGLE

new Delhi. Ujjivan Financial Services stock is seeing a sharp jump after the results. The stock has gained over 12 per cent in Thursday trading. The stock reached an all-time high of 175.5 during trading. Its previous closing level was 156.4. This rally in the stock has been seen after better results. The company's profit has increased 80 percent over the previous year. The stock was trading close to the lows of the year before the results came, which has led to a sharp buyout of the stock after better results. The stock has a year low of 124.55 and a year high of 415.4.

Ujjivan Financial's consolidated profit for the March quarter stood at Rs 77.43 crore as per yesterday's results. Profit was Rs 43.15 crore in the same quarter last year. At the same time, income has increased from Rs 590 crore to Rs 805 crore as compared to last year. The company's profit for the whole year doubled to Rs 299 crore from the previous year.

This post was published on May 28, 2020 1:17 pm

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