India's AU Small Finance Bank climbs on rise in advances, deposits

AU Small Finance Bank

04/04/2024 06:09

** Shares of AU Small Finance Bank  AUFI.NS  are up ~5%,
hitting their highest level since Feb. 2
    **  AUFI's total deposits up 26% Y/Y, while gross advances
grew 25% for the March-quarter
    ** Stock top gainer on the Nifty Bank index  .NSEBANK ,
which is up ~0.5%
    ** If trend holds, AUFI set for its best day in nearly a
year 
    ** Avg rating of 21 analysts covering the stock is "buy",
their median PT is 675 rupees vs current price of 634 rupees -
LSEG data
    ** AUFI is the worst performing stock in the Nifty Bank
index in 2024
    ** Stock down ~20% YTD vs ~1% drop in Nifty Bank 


 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))