Tag: AU Small Finance shares

Business

Analysts upbeat on small lender regardless of its deteriorating asset high quality. Here is why

NEW DELHI: As extra small finance banks are eyeing listings on Dalal Street, the chief of the pack goes down in flames. However shares of (AUSFB) have been among the many prime performers because the Jaipur-based lender's itemizing in July 2017. The stock has soared over 300 per cent between March 2020 and March 2021, however has began to lose its sheen within the present fiscal 12 months. Amongst BSE 500 shares, it's the worst-performing stock of the present monetary 12 months thus far, after . It has tanked 22 per cent throughout this era. The lender's March quarter earnings have been a combined bag, with a deteriorating asset high quality owing to the next share of riskier segments and the resignation of its audit officer. Additionally, recent slippages of loans surged to Rs 1,244 cr...