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AU SMALL FINANCE BANK Gains 2%; BSE BANKEX Index Up 0.5%
Wed, 26 Jun 12:25

AU SMALL FINANCE BANK Gains 2%; BSE BANKEX Index Up 0.5%Image source: Sakorn BernardaSv/www.istockphoto.com

AU SMALL FINANCE BANK share price has zoomed 2% and is presently trading at Rs 697.3.

Meanwhile, the BSE BANKEX index is at 60,131.5 (up 0.5%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 1.5%) and Indusind Bank (up 1.3%).

HDFC Bank (down 0.1%) is among the top losers today.

Over the last one year, AU SMALL FINANCE BANK has moved down from Rs 745.5 to Rs 697.3, registering a loss of Rs 48.2 (down 6.5%).

On the other hand, the BSE BANKEX index has moved up from 49,297.0 to 60,131.5, registering a gain of 22.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 51.6%), Bank of Baroda (up 47.9%) and Federal Bank (up 47.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,542.8 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.3%) and Reliance Ind. (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,843.1 (up 0.5%). Ultratech Cement and Reliance Ind. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,542.8, registering a gain of 15,572.8 points (up 24.7%).

AU SMALL FINANCE BANK Financial Update...

AU SMALL FINANCE BANK net profit fell 12.7% YoY to Rs 3,707 million for the quarter ended March 2024, compared to a profit of Rs 4,246 million a year ago. Net sales rose 24.4% to Rs 28,295 million during the period as against Rs 22,749 million in January-March 2023.

For the year ended March 2023, AU SMALL FINANCE BANK reported 26.4% increase in net profit to Rs 14,279 million compared to net profit of Rs 11,298 million during FY22. Revenue of the company grew 38.6% to Rs 82,054 million during FY23.

The current Price to earnings ratio of AU SMALL FINANCE BANK, based on rolling 12 month earnings, stands at 33.8.


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