Espresso shot of the day – Equitas Small Finance Bank Ltd up by 15.44 percent

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Espresso shot of the day – Equitas Small Finance Bank Ltd up by 15.44 percent

July 07, 2021
Espresso shot of the day – Equitas Small Finance Bank Ltd up by 15.44 percent

EQUITAS SMALL FINANCE BANK LTD 67.65 +9.05 (+15.44%) BSE – INE063P01018 | 7TH JULY 2021

Equitas Small Finance Bank is a new-age bank that gives children, youth, families and business people across India a new way to bank. In their time as a micro finance company, they silently went about enabling livelihoods and elevating lives. Today, as a small finance bank, they are also going about changing the very way banking is imagined, delivered and experienced – with TRUST being the key driver.

Recent Drivers

  • On July 5, 2021, Equitas Small Finance Bank has said that it has waived off non-maintenance charges for its current account holders.
  • On July 1, 2021, Mr. Sibi PM joined the Bank as Chief Risk Officer. Prior to joining the Bank, Mr. Sibi was the Chief Compliance Officer of South Indian Bank (SIB).
  • On June 19, 2021, the Board of Directors of the bank approved allotment of 1,80,592 equity shares of Rs 10 each to the option grantees who have exercised their Employee Stock Options.
  • On June 17, 2021, Equitas Small Finance Bank, through its Bird’s Nest – Pavement Dweller Rehabilitation CSR program, provided housing, food security, healthcare, livelihood skill development, and supplemental education to ultra-poor families over an 18-month period – ultimately placing them on the path to self-sufficiency. The bank has transformed the lives of over 2,000 pavement dwellers in Chennai through this CSR project.
  • The bank reported quarterly net profit at Rs 112.87 crores in March 2021, up 162.38% from Rs 43.02 crores in March 2020.
  • The bank reported Net Interest Income (NII) at Rs 448.57 crores in March 2021, up 5.8% from Rs 424.002 crores in March 2020.
(Sources: The Hindu Business Line, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.12%
  • Traded on all-time-high value of 70.30
  • Touched Upper Circuit Rs 70.30
  • Spurt in volume by more than 34.04 times, 3-month avg. volume of BSE: 1,74,205
  • Quantity traded: 17,87,010 | Deliverable quantity: 7,15,349 (40.03%)
  • Stock price has jumped more than 120% from one-year-low level: 30.10 (Nov 9, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 70.30 | 52-week-low: 30.10

Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

51.63

45.82

41.73

35.92

31.83

26.02

21.93

-

Fibonacci Pivot

45.82

42.03

39.70

38.19

35.92

33.64

32.13

29.80

26.02


Today’s Close

67.65

SMA

BSE

10 DAY

59.85

20 DAY

59.68

50 DAY

58.72

200 DAY

-


Some Key Ratios (Source: BSE)

Market Cap: 7,728.66 crores

PE: –

OPM%: –

ROE%: 9.61

Promoters holding%: 81.98

Prev. Close: 58.60

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.