India's AU Small Finance Bank up on positive outlook by management

AU Small Finance Bank

22/08/2023 07:04

** Shares of AU Small Finance Bank  AUFI.NS  rise as much as
2.82% to 728.85 rupees apiece
    ** AUFI is the top gainer in Nifty Bank index  .NSEBANK ,
which is up 0.12% as of 11:18 a.m. IST
    ** Management, in analyst call, says co well-placed to
sustain 25-30% growth rate over the next few years 
    ** AUFI's asset quality ratio likely to remain stable due to
the focus on secured lending: Motilal Oswal
    ** Of  22 analysts tracking AUFI, two maintain "strong buy",
six suggest "buy", seven recommend "hold", six have "sell" and
one retains "strong sell"; median TP is 760 rupees - Refinitiv
data
    ** AUFI up ~11% in 2023 so far, including day's gains,
compared to 2.5% rise in Nifty Bank index  .NSEBANK 


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))