India's Equitas Small Finance rises as provisional total deposits surge

Equitas Small Finance Bank

07/10/2022 05:14

** Shares of Equitas Small Finance Bank Ltd   EQUI.NS  rise
as much as 3.5% to 51.75 rupees, their highest level since Sept
15
    ** The banking company on Thursday announced its
Sept-quarter provisional total deposits at 228.02 bln rupees
($2.77 bln), provisional gross advances grew 20% year-on-year
 urn:newsml:reuters.com:*:nFWN3170G8
    ** In the same quarter, total deposits rose 20% y/y to
217.26 bln rupees
    ** Stock sees its biggest intraday pct gain since Sept 30,
on track for a third consecutive session of climb 
    ** More than 824,342 shares change hands, vs 30-day avg of
2.2 mln shares
    ** Eleven of 12 analysts covering the stock rate it "buy" or
"strong buy", one as "hold"; median PT 62.80 rupees - Refinitiv
data
    ** As of last close, EQUI shares down 15.97% YTD
     ($1 = 82.2750 Indian rupees)
 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))