AU Small Finance Bank Ltd up by 9.70 percent | Espresso Market Updates

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Espresso shot of the day – AU Small Finance Bank Ltd up by 9.70 percent

March 30, 2021
Espresso shot of the day – AU Small Finance Bank Ltd up by 9.70 percent

AU SMALL FINANCE BANK LTD 1293.80 (+9.70%)  BSE – INE949L01017|30THMARCH 2021

AU Small Finance Bank Limited was a dream that started 25 years ago by Mr. Sanjay Agarwal, a merit holder Chartered Accountant and a first-generation entrepreneur. Founded in Jaipur in 1996 as Au Financiers, a non-deposit taking Non-Banking Finance Company (NBFC), it effectively worked on funding economic growth, especially for the under-served and un-served low & middle-class individuals. For over two decades, they provided secured funding to customers largely in Vehicle Loan, Business Loan and Housing Loan segments while organically spreading their geographical presence. In 2015, when RBI came out with the Small Finance Bank licensing guidelines, AU Small Finance Bank Limited was the strongest of the 10 selected entities out of 74 applicants to receive this coveted license thanks to its strong foothold and proven track record. Au Financiers transformed into AU Small Finance Bank Limited in April 2017 and the same year they registered a stellar listing while earning trust of renowned investors.

Recent Drivers

  • AU Small Finance Bank Limited has raised Rs 625.50 crores by issuing shares to a set of investors through qualified institutional placement.
  • AU Small Finance Bank Limited has allotted 3,09,071 equity shares on 18 February 2021 under ESOP.
  • Net interest income of AU Small Finance Bank Limited grew 25 % to Rs 633 crores.
  • AU Small Finance Bank Limited also entered into partnerships with Care Health Insurance and ICICI Prudential Life Insurance as part of the enhanced third-party product range.
  • The bank, which expanded into 16 new locations including Bhubaneshwar, Hyderabad, Kolkata and Lucknow, said attractive merchant offers with larger partners like Amazon, Flipkart, Myntra, Swiggy, Zomato and Dominos led to higher customer engagement and balances build-up
(Sources: LiveMint, Business Standards)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 1.77%
  • Traded on new 52- week high value 1356.35
  • Touched upper circuit 1297.35
  • Quantity traded 1,79,355 Deliverable quantity 71,955 (40.12%)
  • Stock price has jumped more than 260% from one year low level – 366.20, 27 May 2020
  • Daily RSI (14) crossed central line 2 periods ago
  • 52 -week high – 1,356.35 | 52- week low- 366.20

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2109.37

1663.53

1257.87

812.03

406.37

-

-

-

Fibonacci Pivot

1663.53

1338.26

1137.31

1007.88

812.03

616.19

486.76

285.81

-


Today’s Close

1293.80

SMA

BSE

10 DAY

1215.19

20 DAY

1207.78

50 DAY

1092.72

200 DAY

833.38

Some Key Ratios (Source: BSE)

Market Cap:40,394.17crores

PE: 32.19

OPM%:-

ROE%:22.86

Promoters holding : 28.98

Prev. Close: 1179.45

*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.