AU Small Finance Bank Continues Uptrend For Third Straight Session

AU Small Finance Bank is currently trading at Rs 637.7, marking a 2.75 per cent increase on the day as of 12:49 IST on the NSE. Over the past year, the stock has experienced a decline of 19.32 per cent, in contrast to a 24.23 per cent rise in the NIFTY and a 12.02 per cent increase in the Nifty Bank index.

Notably, AU Small Finance Bank has shown upward momentum for the third consecutive session today. The NIFTY is up approximately 0.65 per cent at 23,105.45, while the Sensex stands at 75,962.28, reflecting a 0.73 per cent increase. However, the stock has witnessed a marginal decline of around 0.04 per cent over the past month.

In comparison, the Nifty Bank index, of which AU Small Finance Bank is a constituent, has experienced a decrease of approximately 0.43 per cent in the last month, currently trading at 48,971.65 with a 1.36 per cent increase for the day. Today, the trading volume for the stock reached 28.82 lakh shares, slightly below the daily average of 31.83 lakh shares over the past month.

Furthermore, the benchmark May futures contract for the stock is valued at Rs 634.4, reflecting a 2.66 per cent increase for the day. With a price-to-earnings ratio of 28.9 based on trailing twelve months earnings ending March 2024, AU Small Finance Bank continues to be closely monitored by investors.