Ujjivan Small Finance Bank rises 6.4%, extending gains as universal banking hopes, loan growth targets, and broker optimism drive momentum.

• ICICI Securities sees a universal bank license boosting brand value, lowering funding costs, and easing capital norms, enhancing structural growth.
• Emkay trims earnings estimates by 5-9%, but expects stronger ROA improvement by FY27–28, led by microfinance recovery.
• Antique values secured portfolio growth strategy, notes execution challenges remain, yet maintains bullish stance with the highest target price among brokerages.