Axis Securities selects Equitas Small Finance Bank as its top pick of the week – here's why

Axis Securities has chosen Equitas Small Finance Bank as its top pick of the week due to factors such as business growth, cost ratios, RoA potential, and valuations. The brokerage has a 'buy' recommendation on the stock with a target price of ₹97, indicating an upside of over 11%.

Equitas Small Finance Bank surges 115% in one year; is there more upside left?

Equitas Small Finance Bank is engaged in the retail banking business with a focus on microfinance, commercial vehicle finance, home finance, loan against-property finance, corporate finance, and providing financing solutions for individuals and micro- and small enterprises (MSEs).

Equitas Small Finance Bank stock surges over 7% to hit record high on robust Q4 earnings

Equitas Small Finance Bank gained 70% in nine months; does it still have room to run?

The approved amalgamation with holding company Equitas Holdings has resulted in the reduction of outstanding shares of the bank to 1.11 billion, which led to an increase in net worth of ₹3.25 billion and a 21% rise in its book value.

12 BSE small-cap stocks rose between 10-22% last week, with Lumax Auto topping the list

Lumax Auto Technologies stood as the top gainer in the BSE small-cap index over last week, with a surge of 19.6%. The stock began its upward journey on February 14, and it has since returned nearly 22.17%, climbing from ₹216 apiece to the current level of ₹263.90.

Equitas SFB: Brokerages remain positive after robust Q3 earnings, raise target price

Domestic brokerage firm Axis Securities has retained its ‘buy’ rating on the stock and raised the target price to ₹70 per share from ₹60 earlier. ICICI Securities has also maintained its ‘buy’ rating on the stock with an unchanged target price of ₹70 apiece.

Equitas Small Finance Bank hits 52-week high on RBI approval for stake buy

Equitas Small Finance Bank opened higher during the trade at ₹62 apiece compared to its previous closing price of ₹59.35; it then rose further to hit a one-year high of ₹63.90 in the early trade. For the September-ending quarter, the bank reported a two-fold jump in its net profit at ₹116 crore.

Equitas SFB climbs 6% as it moves forward with reverse merger process

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During Wednesday’s trade, the stock opened at a price of Rs. 53.95 per share against the previous close of Rs. 53.65 per share and grew further during the early trading session to touch an intraday high of Rs. 56.95.

Equitas Small Finance Bank profit jumps over two-fold to ₹116 crore in July-September

Equitas Small Finance Bank: The net interest income of the lender grew to ₹610 crore in the July-September period of the current fiscal as against ₹484 crore in the same period of FY22, Equitas SFB said in a release.

Top Equitas Small Finance Bank News

markets

Axis Securities selects Equitas Small Finance Bank as its top pick of the week – here's why

markets

Equitas Small Finance Bank surges 115% in one year; is there more upside left?

markets

Equitas Small Finance Bank stock surges over 7% to hit record high on robust Q4 earnings

markets

Equitas Small Finance Bank gained 70% in nine months; does it still have room to run?