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Ujjivan stellar listing: What next for investors and those who missed the bus?

Existing investors should build up positions on every decline and new investors should also gradually add Ujjivan Bank with an eye on the long term.

January 06, 2020 / 09:48 AM IST
Ujjivan stellar listing: What next for investors and those who missed the bus?

Highlights

- Ujjivan Bank’s stellar listing does not come as a surprise

- Ujjivan Financial is quoting at 50% holding company discount

- Existing investors of Ujjivan Financial should not exit in a hurry

- A rerating is still possible for Ujjivan Bank

- New as well as existing investors should add Ujjivan Bank on declines

Ujjivan Small Finance Bank’s (USFB) stellar listing did not surprise as its initial public offering was reasonably valued, considering its impressive track record and a

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