UTKARSHBNK

Utkarsh recently launched a rights issue of up to ₹950 crore (at ₹14 per share) to strengthen its Tier I capital base and buffer against rising NPAs. The announcement triggered a short-term rally of nearly 20% in share price. though company is trading at good valuation but future focus and future valuations as company's financial due to NPAs is deteriorating, so, cautious view is there.