Finance company Ujjivan’s stock climbs up by over 3%
DSIJ Intelligence / 31 Aug 2017
The shares of Ujjivan Financial Services, a non-banking finance company engaged in the micro-finance lending business, shot up by over 3% intraday during Thursday’s trading session
The shares of Ujjivan Financial Services, a non-banking finance company engaged in the micro-finance lending business, shot up by over 3% intraday during Thursday’s trading session due to reports that the CDC Group has offloaded a part of its stake in the company. The shares were bought by Cinnamon Capital.
According to the bulk deal data available with the NSE, CDC Group sold 59 lakh shares, amounting to 4.93% stake of Ujjivan Financial Services for around Rs 212 crore, via an open market transaction. The stock was trading higher by 2.36% at Rs 366 per share on the BSE at 0948 hours. It opened at Rs 365 per share and touched its intraday high and low at Rs 372 and Rs 361 per share respectively.
The stock witnessed a hike in volume by more than 1.12 times on Thursday and attracted total traded volume of 32,11,993 shares and traded value of Rs 11,811.14 lakhs on the NSE at 0946 hours. Its 52-week high stood at Rs 484.90 as on October 4, 2016 and low at Rs 284.85 as on December 26, 2016.
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