Go Long on UJJIVANSFB
The stock is currently bouncing back from the lower support zone. If this bounce is sustained, it could indicate a potential upward movement towards the next resistance zone.
In May 2024, Ujjivan Financial Services merged with Ujjivan Small Finance Bank, The stock market has reacted to these changes.
Potential for Universal Bank License: One of the significant potential impacts is the eligibility to transition into a Universal Bank. This would allow Ujjivan Small Finance Bank to offer a broader range of banking services, providing new growth opportunities. Achieving a Gross NPA of less than 3% is a key criterion for this transition, which the bank is currently positioned to meet
In May 2024, Ujjivan Financial Services merged with Ujjivan Small Finance Bank, The stock market has reacted to these changes.
Potential for Universal Bank License: One of the significant potential impacts is the eligibility to transition into a Universal Bank. This would allow Ujjivan Small Finance Bank to offer a broader range of banking services, providing new growth opportunities. Achieving a Gross NPA of less than 3% is a key criterion for this transition, which the bank is currently positioned to meet
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