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Ujjivan Financial drops after bulk deal

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fell 2.04% to Rs 406.50 at 15:16 on after a bulk deal of 12.30 lakh was executed on the scrip at Rs 406.50 per share at 11:42 on

Meanwhile, the Sensex was down 2.42 points, or 0.01% to 34,440.77. The BSE Mid-Cap index was down 50.46 points, or 0.28% to 18,123.45.

Bulk deal boosted volume on the scrip. On the BSE, 15.38 lakh were traded in the counter so far, compared with average daily volumes of 2.10 lakh in the past one quarter. The stock had hit a high of Rs 416.60 and a low of Rs 402.25 so far during the day. The stock had hit a 52-week high of Rs 464.55 on 6 March 2017. The stock had hit a 52-week low of Rs 285 on 26 December 2016.

The stock had outperformed the market over the past one month till 9 January 2018, rising 8.31% compared with 3.59% gains in the Sensex. The scrip also outperformed the market in past one quarter, gaining 21.67% as against Sensex's 8.15% rise. The scrip, however, underperformed the market in past one year, advancing 26.93% as against Sensex's 28.87% rise.

The mid-cap company has equity capital of Rs 120.61 crore. Face value per share is Rs 10.

reported consolidated net loss of Rs 11.95 crore in Q2 September 2017 compared with net profit of Rs 73.01 crore in Q2 September 2016. Total income rose 5.9% to Rs 378.03 crore in Q2 September 2017 over Q2 September 2016.

is the promoter and non-operative holding company of its 100% subsidiary, Ujjivan Small Bank, which has started the banking operations from February 2017. Ujjivan received the final license from the on 11 November 2016, which allowed it to set up small bank business.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 15:24 IST