Shares of Au Small Fin Bank rise as Nifty gains
Au Small Finance Bank Ltd. gained 0.9 per cent to Rs 748.65 in Tuesday's trade as of 10:51AM (IST).
It hit a high of Rs 750.1 and low of Rs 741.55 during the session.
The stock quoted a 52-week high price of Rs 794.95 and a low of Rs 548.15. The return on equity for the stock stood at 13.06 per cent.
About 3,912 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.87.
The scrip has been an outperformer, up 25.51 per cent in the past one year in comparison with a 10.99 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 548.15 on September 26, while the 50-DMA was at Rs 730.92. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 25.53 per cent stake in Au Small Finance Bank Ltd. as of 30-Jun-2023.
