Thursday, 19 May 2016

Ujjivan Financial to invest Rs.300cr in tech over 5 yrs

The micro-finance institution (MFI), Ujjivan Financial Service said in a disclosure to BSE that it will invest Rs.300 crore in technology over the next five years.

The micro-finance institution (MFI), Ujjivan Financial Service said in a disclosure to BSE that it will invest Rs.300 crore in technology over the next five years.

Ujjivan Financial Services Ltd is currently trading at Rs.263.9, up by Rs. 6.5 or 2.53% from its previous closing of Rs. 257.4 on the BSE.

The scrip opened at Rs. 258 and has touched a high and low of Rs. 265.2 and Rs. 256.75 respectively. So far 2670310(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3043.53 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 261 on 17-May-2016 and a 52 week low of Rs. 217.05 on 10-May-2016. Last one week high and low of the scrip stood at Rs. 261 and Rs. 234.55 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 0 % respectively.


The stock is currently trading above its 200 DMA.

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