Picture of AU Small Finance Bank logo

AUBANK AU Small Finance Bank News Story

0.000.00%
in flag iconLast trade - 00:00
FinancialsBalancedLarge CapMomentum Trap

India's AU Small Finance Bank rises to record high as asset quality, margin improves

** India's AU Small Finance Bank AUFI.NS rises 8.2% to a lifetime high of 857.2 rupees

** Stock set for its biggest intraday pct gain since April 23

** AUFI's second-quarter net profit at 5.61 billion rupees, net interest margin up 5 basis points q/q

** Morgan Stanley raises PT on stock to 1,175 rupees from 1,000 earlier, says net interest margins and asset quality surprised

** More than 4.8 million shares change hands, ~1.8x of 30-day avg volume

** Avg rating for AUFI "buy" from 15 analysts tracking the stock; median PT 872.5 rupees, per data compiled by LSEG

** YTD, stock up ~53%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))

Recent news on AU Small Finance Bank

See all news