Ujjivan Small Finance Bank share price fall continues unabated; down 6% on Monday — What should INVESTORS do? Analyst suggests this
While the founder of Ujjivan Small Finance Bank Samit Ghosh in his investor call has announced change in its top management, Jain said that the news has not positively impacted the share price. He said that if any material impact from the change in management was there it would have been reflected in the share price.
Ujjivan Small Finance Bank shares — The shares of Ujjivan Small Finance Bank were down over 6 per cent on the BSE and NSE on Monday around 1:30 pm. The shares were trading at Rs 18.50 on the BSE and Rs 18.40 on the BSE. What should investors do with this stock? Nilesh Jain Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking has the answers.
Jain said that the existing investors must exit this stock as the prospects do not look good. The right levels to exit the stock is between Rs 20 and Rs 22, he added. Jain said that he will not be surprised if the stock hits the target of Rs 10.