On the NSE, Ujjivan’s stock declined as much as 7.57% during the day to Rs 44.70 apiece, the lowest level since June 5. It was trading 6.66% lower at Rs 45.14 per share, compared to a 0.44% decline in the benchmark Nifty at 09:47 a.m.
The share price has gained 19.55% in the last 12 months and 20.84% on a year-to-date basis. The total traded volume so far in the day stood at 12 times its 30-day average. The relative strength index was at 31.23.
Fourteen out of 16 analysts tracking the company have a ‘buy’ rating on the stock, one recommends ‘hold’ and another suggests ‘sell’, according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 40.6%.