Analyst Corner: Downgrade Ujjivan to ‘neutral’ with TP of Rs 240

Analyst Corner: Downgrade Ujjivan to ‘neutral’ with TP of Rs 240

Ujjivan managed to remain barely profitable for FY21, with no provisions in Q4 (Rs 250 million reversal) despite a Covid-19 wave-2 impact as well as relatively large wave-1 residual stress, and through cost cuts (partly unsustainable).
Check the source here –Source, Financial Express.

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