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Ujjivan Small Finance Bank Stock Could Surge 50 Percent, ICICI Securities Raises Target Price to Rs 95
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Moneycontrol•19-10-2026, 16:03
Ujjivan Small Finance Bank Stock Could Surge 50 Percent, ICICI Securities Raises Target Price to Rs 95
- •ICICI Securities is bullish on Ujjivan Small Finance Bank, assigning a Buy rating with a revised target price of Rs 95.
- •The bank reported a staggering 200 percent year-on-year increase in net profit to Rs 365.1 crore for the September quarter.
- •Total advances grew by 32 percent to reach around Rs 45,700 crore, while deposits saw a 29 percent growth.
- •Asset quality improved significantly, with gross NPA dropping to 2.10 percent and net NPA declining to 0.31 percent.
- •Strong loan growth, better asset quality, and lower credit costs are expected to drive the bank's future performance.
Key Questions Answered
ICICI Securities has given a buy rating to Ujjivan Small Finance Bank and raised its target price from ₹90 to ₹95. The stock's current trading price is ₹63.20, giving the brokerage expectations of around 50% upside growth.
Ujjivan Small Finance Bank posted a 200% year-on-year increase in net profit for the September quarter, reaching ₹365.1 crore. This compared to a profit of ₹121.7 crore recorded during the same quarter in the previous year.
In the September quarter, the bank's gross NPA improved to 2.10% and net NPA dropped to 0.31%, with a return on assets of 2.4%. Secured loans accounted for about 52% of the portfolio, and the bank targets increasing this share to approximately 56% by March 2027.
