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Shares of Au Small Fin Bank rise as Nifty drops

Shares of Au Small Finance Bank Ltd. gained 0.37 per cent to Rs 1376.65 in Monday’s trade as of 10:40AM (IST). It hit a high of Rs 1385.05 and low of Rs 1341.0 during the session.

The stock quoted a 52-week high price of Rs 1465.8 and a low of Rs 910.0. The return on equity for the stock stood at 18.96 per cent. About 13,429 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.87.

The scrip has been an outperformer, up 27.74 per cent in the past one year in comparison with a 16.6 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 910.0 on April 25, while the 50-DMA was at Rs 1263.58. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 28.23 per cent stake in Au Small Finance Bank Ltd. as of 31-Mar-2022. Mutual funds and foreign institutional investors held 11.22 per cent and 34.31 per cent stake.

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