Ujjivan Small Finance Bank extends gains; surges 65% against issue price

The stock of the lender saw a stellar listing at the bourses on December 12, 2019. Issued at a price of Rs 37, the shares got listed at Rs 58 apiece on the BSE, a 57% premium against the issue price

Shares of Ujjivan Small Finance Bank extended their gains to second straight day, up 4.5 per cent to Rs 61.10, in the early morning deals on Tuesday. The stock has zoomed 65 per cent against its issue price of Rs 37, and is 19.45 per cent off its recent low of  Rs 51.15 apiece hit on December 13, 2019.

At 10:15 am, the stock was up 3.59 per cent at Rs 60.55 per share. In comparison, the S&P BSE Sensex was ruling near at record high levels of 41,230.05, up 283.83 points or 0.71 per cent.

The stock of the