Au Small Finance Bank share price: Buy Au Small Finance Bank, target price Rs 1380: Yes Securities

Yes Securities has buy call on Au Small Finance Bank with a target price of Rs 1380. The current market price of Au Small Finance Bank is Rs 1275.4. Time period given by analyst is Intra Day when Au Small Finance Bank Ltd. price can reach defined target.

Au Small Finance Bank Ltd., incorporated in the year 1996, is a banking company (having a market cap of Rs 40027.57 Crore).

At 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-2021.

Financials

For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 1595.65 Crore, up 3.77 % from last quarter Total Income of Rs 1537.68 Crore and up 6.51 % from last year same quarter Total Income of Rs 1498.15 Crore. The bank reported net profit after tax of Rs 278.51 Crore in latest quarter.

Rational Investment
The stock has turned upwards after breaking out of a bullish flag pattern on higher volumes. Further, a sustained trade above Rs 1280 will take it higher to levels of Rs 1380. Moreover, RSI has also turned higher above the 50-level suggesting that a short-covering rally may be seen.


Promoter/FII Holdings
Promoters held 28.33 per cent stake in the company as of 31-Dec-2021, while FIIs owned 33.21 per cent, DIIs 19.99 per cent.

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