Name: Latest research reports of Utkarsh Small Finance Bank Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Utkarsh Small Finance Bank Ltd.
Rating: 5
Author: ICICI Securities Limited

Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
01 Aug 2025	Utkarsh Small Finance	Consensus Share Price Target	21.89	29.00	-	32.48	buy	pdf Detailed Estimates
06 Aug 2024	Utkarsh Small Finance	ICICI Securities Limited	21.89	70.00	47.91 (-54.31%)	219.78	Buy	pdf post cache	Broker Report Core operating performance remains robust, PPoP up 10% QoQ; elevated credit cost dents profitability in Q1FY25 ICICI Securities Limited Utkarsh SFB’s (Utkarsh) Q1FY25 core operating performance continued to be robust as reflected in 10% QoQ PPoP growth and RoE sustaining at >18% despite challenges due to heatwaves and election. pdf Copy Link Share on Share on Share on Share on Alert
27 Apr 2024	Utkarsh Small Finance	ICICI Securities Limited	21.89	70.00	59.60 (-63.27%)		Buy	pdf post cache	Broker Report Sustains growth momentum with sharp improvement in asset quality ICICI Securities Limited Utkarsh SFB’s (Utkarsh) Q4FY24 financial performance is testimony to management’s ability to deliver as per guidance with exit RoA of ~3% and RoE at 22% despite muted H1FY24 due to sector level headwinds on both growth and asset quality. pdf Copy Link Share on Share on Share on Share on Alert
11 Apr 2024	Utkarsh Small Finance	ICICI Securities Limited	21.89	70.00	53.10 (-58.78%)		Buy	pdf post cache	Broker Report Decade-long experience in Bihar augurs well for growth sustainability ICICI Securities Limited Utkarsh SFB (Utkarsh) kick-started its lending journey in the states of UP and Bihar, and since inception (in FY10), it has remained committed in establishing a strong niche in these states. Considering the under penetration in its core markets (Bihar’s top 5 districts covered 46% of overall credit, of which Patna alone contributes 29% share), with Utkarsh having a strong market share of 56% within SFBs (overall market share at 2%), the SFB is best placed to complement the Bihar growth story. pdf Copy Link Share on Share on Share on Share on Alert
12 Jul 2023	Utkarsh Small Finance	IDBI Capital	21.89				IPO Subscribe	pdf post cache	Broker Report Utkarsh Small Finance Bank: IPO Note IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
12 Jul 2023	Utkarsh Small Finance	Hem Securities	21.89				IPO Subscribe	pdf post cache	Broker Report Utkarsh Small Finance Bank Limited Hem Securities pdf Copy Link Share on Share on Share on Share on Alert
11 Jul 2023	Utkarsh Small Finance	Ashika Research	21.89				IPO Note	pdf post cache	Broker Report Utkarsh Small Finance Bank Ltd. IPO Note Ashika Research pdf Copy Link Share on Share on Share on Share on Alert
11 Jul 2023	Utkarsh Small Finance	Ventura	21.89				IPO Subscribe	pdf post cache	Broker Report UTKARSH SMALL FINANCE BANK LTD. Ventura IPO NOTE pdf Copy Link Share on Share on Share on Share on Alert
11 Jul 2023	Utkarsh Small Finance	SBI Securities	21.89				IPO Subscribe	pdf post cache	Broker Report Utkarsh Small Finance Bank Limited IPO NOTE SBI Securities pdf Copy Link Share on Share on Share on Share on Alert

Near 52W Low of ₹21.25

Utkarsh Small Finance Bank Ltd. share price target

Utkarsh Small Finance Bank Ltd. has an average share price target of 70. The consensus estimate represents an upside of 219.78% from the last price of 21.89. View 1 reports from 1 analysts offering long-term price targets for Utkarsh Small Finance Bank Ltd..

Core operating performance remains robust, PPoP up 10% QoQ; elevated credit cost dents profitability in Q1FY25

Sustains growth momentum with sharp improvement in asset quality

Decade-long experience in Bihar augurs well for growth sustainability

Utkarsh Small Finance Bank: IPO Note

Utkarsh Small Finance Bank Limited

Utkarsh Small Finance Bank Ltd. IPO Note

UTKARSH SMALL FINANCE BANK LTD.

Utkarsh Small Finance Bank Limited IPO NOTE

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