Buy Au Small Finance Bank, target price Rs 702: Axis Securities
Au Small Finance Bank with a target price of Rs 702. The current market price of Au Small Finance Bank is Rs 623.65.
Au Small Finance Bank Ltd., incorporated in the year 1996, is a banking company (having a market cap of Rs 46187.75 Crore).
Au Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.
Financials For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 3185.51 Crore, up 7.75 % from last quarter Total Income of Rs 2956.52 Crore and up 32.02 % from last year same quarter Total Income of Rs 2412.96 Crore. The bank reported net profit after tax of Rs 375.25 Crore in latest quarter.
Promoter/FII Holdings Promoters held 152.7 per cent stake in the company as of 31-Mar-2024, while FIIs owned 236.22 per cent, DIIs 136.44 per cent.
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