Up 34% since April, 324% in 3 years but MOSL downgrades AU SFB; here's why

The stock jumped nearly 17 percent just in May till date following a 15 percent rise in April. Meanwhile, from its COVID low of ₹183, hit in May 2020, the stock has given multibagger returns, soaring 324 percent till date.

AU SFB Q4 earnings review: Highest quarterly profit but brokerages unhappy with high valuations

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The highest-ever quarterly profit also failed to cheer the Street as most experts believe the stock valuations are too high and that the risk-reward is better in other stocks. Since announcing its quarterly results on Tuesday (April 25, 2023), the stock has lost 3.5 percent.

AU Small Finance Bank shares slip over 4% despite highest-ever quarterly profit; here’s why

AU Small Finance Bank shares slumped on Wednesday despite the company announcing its highest-ever quarterly profit of ₹425 crore for Q4 FY23. Analysts suggest the stock is overvalued and the risk-reward is better in other stocks.

AU Small Finance Bank shares soar 19% after RBI approves re-appointment of MD and CEO

Following the development, the bank shares opened strongly at ₹630 apiece, 8.60% higher than the previous closing price of ₹580.15, and strengthened further in the early trade to ₹689.90, up by 18.91%.

AU Small Finance Bank stock falls more than 5% despite an impressive Q2 show; brokerages remain mixed

AU Small Finance Bank said its Q2FY23 net profit rose 28% quarter-on-quarter (QoQ), coming at ₹343 crore. Total income for the quarter stood at ₹2,240 crore, up 13% QoQ.

Good news! AU Small Finance Bank hikes fixed deposit rates by 60 basis points; Details here

With the recent spate of repo rate hikes announced by the RBI, we have increased the FD rates to extend the maximum benefit to our customers. Currently, we are offering one of the most competitive rates in fixed deposits in the industry, Uttam Tibrewal, Executive Director, AU Small Finance Bank, said.

AU Small Finance Bank is Axis Securities' pick of the week; 3 reasons explained

Axis is bullish on AU Small Finance Bank on the back of encouraging growth prospects, healthy asset quality, strong deposit franchise, and well-capitalized to fuel growth post the recent capital raise.

Nifty Bank drops 2.3%; AU Small Finance Bank, Bandhan Bank and Federal Bank are among top laggards

The Nifty 50 dropped 1.82 percent, or 315.45 points, to 17,011.90, while the S&P BSE Sensex dropped 1.60 percent to 57,167.55. According to Trendlyne data, FPIs were net sellers of ₹2,899.7 crore in the cash segment on September 23, 2022.

The Nifty 50 dropped 1.73 percent, or 299.50 points, to 17,027.85, while the S&amp;P BSE Sensex dropped 953.70 points or 1.64 percent to 57,145.22. The India VIX also rose 6.31% to 21.89 levels. Since the Fed rate hike on September 21, the Nifty and Sensex have lost 3.50% each.

AU Small Finance Bank raises ₹2,000 crore via QIP issue

The Jaipur-based AU Small Finance Bank said its capital raising committee on Tuesday approved the allotment of 3,44,82,758 equity shares to the eligible qualified institutional buyers (QIBs) at an issue price of ₹580 per piece.

AU Small Finance Bank highlights roadmap for auto, home loan; brokerages divided on prospects

Shares of AU Small Finance Bank have jumped 12 percent in calendar year 2022 so far while the benchmark Sensex has fallen 5 percent in the same period.

Top Au Small Finance Bank News

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Up 34% since April, 324% in 3 years but MOSL downgrades AU SFB; here's why

markets

AU SFB Q4 earnings review: Highest quarterly profit but brokerages unhappy with high valuations

markets

AU Small Finance Bank shares slip over 4% despite highest-ever quarterly profit; here’s why

markets

AU Small Finance Bank shares soar 19% after RBI approves re-appointment of MD and CEO