India's Equitas Small Finance Bank rises to record high on Q2 profit jump

Equitas Small Finance Bank

20/10/2023 05:40

** Shares of Equitas Small Finance Bank  EQUI.NS  rise as
much as 3.3% to a record high of 101.9 rupees
    ** Co reports 70% jump in Q2 net profit to 1.98 bln rupees 
($23.80 million), interest earned rose 35.6% 
    ** EQUI's Q2 gross NPA at 2.27% vs 2.75% in prev qtr
    ** ~4.2 mln shares change hands by 10:05 a.m. IST vs 30-day
avg of 6.1 mln shares
    ** Twelve of the 15 analysts have a "buy" or "strong buy"
rating, while three have "hold"; median PT is 109 rupees - LSEG
data
    ** Stock up 1.4% as of 10:05 a.m. IST, extending YTD gains
to ~71%



($1 = 83.1875 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))