Ujjivan Financial hits 52-wk high on heavy volumes; zooms 102% in 6 months

The management of Ujjivan SFB is confident that the momentum built in the last six months would continue in the current fiscal and in the years to come

Shares of Ujjivan Financial Services (UFSL) hit a 52-week high of Rs 200.65 after they rallied 9 per cent on the BSE in Wednesday's intra-day trade on the back of heavy volumes. The stock of the non-banking finance company (NBFC) surpassed its previous high of Rs 191.80, touched on November 1, 2021. In comparison, the S&P BSE Sensex was up 0.09 per cent at 59,081 points at 10:54 am.

Trading volumes on the counter nearly doubled over their two-week average trading volumes. A combined 2.3 million equity shares had changed hands on the NSE and BSE till the time