BusinessPhoto: Mint MarketsICICI Securities Sees 51% Upside in Ujjivan Small Finance Bank
Ujjivan Small Finance Bank shares fell on October 21 but gained 22.75% over the past year. The Bengaluru-based bank reported stronger-than-expected results in H1 FY2026-27, with 2.4% RoA and 20% RoE supported by 32% YoY AUM growth. ICICI Securities expects over 51% upside potential and anticipates FY27 RoA to exceed 2%, despite a 25 bps repo rate hike impacting margins.
Mint Markets··Bengaluru




