Utkarsh Small Finance Bank Ltd share price logo

Utkarsh Small Finance Bank Ltd (UTKARSHBNK)

₹52.331.82%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Utkarsh Small Finance Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 15.65% to 18.79% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, UTKARSHBNK stock has moved up by 6.8%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 2.07% to 0.74% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 7.22% to 6.49% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 69.28% to 69.16% in Dec 2023 quarter

Performance

  • Day's Low

    Day's High

    ₹51.6
    ₹55.2
  • 52 Week's Low

    52 Week's High

    ₹37.2
    ₹68.3
1 Month Return+ 1.14 %
3 Month Return+ 11.62 %
1 Year Return+ 11.04 %
Previous Close₹53.30
Open₹53.35
Volume1.20Cr
Upper Circuit-
Lower Circuit-
Market Cap₹5,863.47Cr

Analyst Rating

based on 2 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 2 analysts offering long term price targets for Utkarsh Small Finance Bank Ltd. An average target of ₹70

Source: S&P Global Market Intelligence

Company Information

Utkarsh Small Finance Bank Limited was incorporated on April 30 2016 at Varanasi Uttar Pradesh as a Public Limited Company and was granted a Certificate of Incorporation by the Registrar of Companies. The Promoter Utkarsh CoreInvest Limited started operations as a NBFC in year 2010 and was focused on providing microfinance to unserved and underserved segments in the States of Uttar Pradesh and Bihar. Later on it converted to a NBFC MFI. The Bank is engaged in providing banking and financial services and governed by Banking Regulation Act 1949. On October 7 2015 the Promoter received the RBI InPrinciple Approval to establish an SFB following which it incorporated Utkarsh Small Finance Bank Limited as a whollyowned subsidiary on April 30 2016. Subsequently the Bank received final approval of the RBI to carry on the business as an SFB on November 25 2016. Accordingly Utkarsh CoreInvest Limited transferred its business of providing microfinance as a going concern to the Bank and consequently commenced its operations from January 23 2017. The Bank was included in second schedule to the RBI Act as a Scheduled Commercial Bank pursuant to a notification dated October 4 2017 issued by the RBI and published in the Gazette of India on November 7 2017. Following the commencement of SFB operations the Bank further engaged with borrowers by focusing on microfinance and diversifying product offerings to include savings accounts deposit products and other loan products. The Bank operations were focused in the states of Uttar Pradesh where it headquartered and also in Bihar and Jharkhand. The Banking Operations are spread across India and are present in 22 States and Union Territories with 686 Banking Outlets as of March 31 2022. It had a network of 209 onsite and 6 offsite ATMs. As of March 31 2022 the Bank had also setup 310 microATMs. As of March 31 2022 67.91 of Gross Loan Portfolio GLP has been generated from Bihar Uttar Pradesh and Jharkhand respectively.The Bank asset products include micro banking loans that include joint liability group loans and individual loans retail loans including unsecured loans such as business loans and personal loans and secured loans such as loans against property LAP wholesale lending that includes short term and long term loan facilities to SMEs mid and large corporate and institutional clients housing loans with a focus on affordable housing commercial vehicle / construction equipment loans and Utkarsh Gold Loan product that was launched in Fiscal 2022. On the liabilities side it offer savings accounts current accounts and a variety of term and recurring deposit accounts. In addition it provide noncredit offerings comprising ATMcumdebit cards bill payment system and distribute mutual funds and insurance products.The Company is planning to come out with a public issue of Rs. 500 crore Equity Shares through fresh issue..

Share Price: ₹52.33 per share as on 20 Jun, 2024 04:01 PM
Market Capitalisation: ₹5,863.47Cr as of today
Listing date: 21 Jul, 2023
Chairperson Name: P K Gupta
OrganisationUtkarsh Small Finance Bank Ltd
HeadquartersVaranasi
IndustryBanks
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Key events for Utkarsh Small Finance Bank Ltd

  • Utkarsh Small Finance Bank to Increase Authorized Share Capital - 17 Jun, 2024

    Utkarsh Small Finance Bank's board has approved an increase in authorized share capital to Rs 2000 crore, divided into equity shares of Rs 10 each and preference shares of face value of Rs 10 each. The bank will seek shareholder approval as per the Companies Act, 2013.

Mutual Fund Holdings

Funds Holdings
Mirae Asset ELSS Tax Saver Fund -Direct Plan-GrowthMirae Asset ELSS Tax Saver Fund -Direct Plan-Growth0.59%
Mirae Asset Midcap Fund Direct GrowthMirae Asset Midcap Fund Direct Growth0.7%
Aditya Birla Sun Life Multi-Cap Fund Direct GrowthAditya Birla Sun Life Multi-Cap Fund Direct Growth0.89%
Mirae Asset Banking and Financial Services Fund Direct GrowthMirae Asset Banking and Financial Services Fund Direct Growth2.31%
Aditya Birla Sun Life Banking & Financial Services Direct GrowthAditya Birla Sun Life Banking & Financial Services Direct Growth0.85%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
69.06%
0.00
Foreign Institutions
0.87%
0.00
Mutual Funds
6.57%
0.00
Retail Investors
20.25%
0.00
Others
3.25%
0.00

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Utkarsh Small Finance Bank Ltd (UTKARSHBNK) share price today is ₹52.33

Utkarsh Small Finance Bank Ltd is listed on NSE

Utkarsh Small Finance Bank Ltd is listed on BSE

  • Today’s highest price of Utkarsh Small Finance Bank Ltd is ₹55.2.
  • Today’s lowest price of Utkarsh Small Finance Bank Ltd is ₹51.6.

Today’s traded volume of Utkarsh Small Finance Bank Ltd(UTKARSHBNK) is 1.20Cr.

Today’s market capitalisation of Utkarsh Small Finance Bank Ltd(UTKARSHBNK) is ₹5863.47Cr.

Utkarsh Small Finance Bank Ltd(UTKARSHBNKPrice
52 Week High
₹68.3
52 Week Low
₹37.2

Utkarsh Small Finance Bank Ltd(UTKARSHBNK) share price is ₹52.33. It is down -23.38% from its 52 Week High price of ₹68.3

Utkarsh Small Finance Bank Ltd(UTKARSHBNK) share price is ₹52.33. It is up 40.67% from its 52 Week Low price of ₹37.2

Utkarsh Small Finance Bank Ltd(UTKARSHBNKReturns
1 Day Returns
-0.97%
1 Month Returns
1.14%
3 Month Returns
11.62%
1 Year Returns
11.04%