Sharekhan Picks Country's Largest Small Finance Bank Stock For 43% Return, Buy

Sharekhan has suggested investors to buy small finance bank stock, AU Small Finance Bank Ltd with target price of Rs 800 apiece. Current market price of the stock is Rs 559.60 apiece on BSE. The stock is currently trading near its 52-week low price. The stock's 52-week low price is Rs 538.80 apiece. If you buy Small Finance Bank share now, you can get likely return of 43%. Check details below:

AU Small Finance Bank Stock Performance & Return: Last trading price of AU Small Finance Bank is Rs 559.60 apiece with intraday decline of 1.67%. Its 52-week high price is Rs 732.90 apiece. It has a market capitalisation of Rs 37,307.49 crore. It fell 9% in last 1-year, 8% in last 2-years, and gave a return of 112% in last 3-years. It soared 94% in last 5-years.

AU Small Finance Bank Valuation: According to Sharekhan, "we retain our buy rating on AU SFB with an unchanged PT of Rs 800. AU SFB has built a solid franchise and has a clear road map for its sustainable growth path with the right strategy in place on both asset as well as liability sides along with strong execution capabilities."

AU Small Finance Bank About: Headquartered in Jaipur, Rajasthan, the retail-focused Non-Banking Finance Company for two decades provided speedy and customised financial solutions. After bagging the Small Finance Bank (SFB) license in 2015, Au Financiers commenced its journey as an SFB on 19th April 2017. Throughout its journey from an NBFC to a Bank, it has focused on solutions, based on the evolving needs of its customers, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Sharekhan. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.