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SJVN shares ended at fresh closing high of Rs 81.75, and formed healthy bullish candlestick pattern on the daily charts with strong volumes, after consolidation in previous few sessions.

Trade Spotlight | Your trading blueprint for Blue Star, SJVN, AU Small Finance Bank today

The SFB has entered into bancassurance tie-ups withStar Health and Allied Insurance Company for providing health insurance solution to the banks customers.It has also inked a bancassurance agreement with Bajaj Allianz Life Insurance Company for offering life insurance solution to the customers of the bank.These tie-ups will enable the Banks customers to access a wide range of insurance products from Star Health and Bajaj Allianz,” AU Small Finance Bank stated in an exchange filing made after market hours on Wednesday.AU Small Finance Bank (AU SFBAU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country.The bank reported 44.4% jump in net profit to Rs 386.90 crore in Q1 FY24 as compared with Rs 267.87 crore in corresponding quarter last year. Total income increased by 40.1% to Rs 2,773.46 crore in Q1 FY24 as compared with Rs 1,979.35 crore in Q1 FY23.The scrip rose 0.30% to currently trade at Rs 722 on the BSE.

AU Bank inks bancassurance agreement with Star Health, Bajaj Allianz

AU Small Finance Bank has entered into bancassurance tie-ups with: 1. Star Health and Allied Insurance Company Limited (Star Health) for Health Insurance solution to Banks customers. 2. Bajaj Allianz Life Insurance Company (Bajaj Allianz) for Life Insurance solution to Banks customers. These tie-ups will enable the Banks customers to access a wide range of insurance products from Star Health and Bajaj Allianz.

AU Bank enters into bancassurance tie-ups with Star Health and Bajaj Allianz

AU Small Finance Bank Ltd gained for a third straight session today. The stock is quoting at Rs 741.1, up 1.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 19448.2. The Sensex is at 65461.5, up 0.04%. AU Small Finance Bank Ltd has risen around 1.34% in last one month. Meanwhile, Nifty Bank index of which AU Small Finance Bank Ltd is a constituent, has risen around 2.69% in last one month and is currently quoting at 44479.05, up 0.3% on the day. The volume in the stock stood at 11.99 lakh shares today, compared to the daily average of 17.04 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 735.25, up 0.75%  on the day. AU Small Finance Bank Ltd is up 14.28% in last one year as compared to a 10.99% spurt in NIFTY and a 14.54% spurt in the Nifty Bank index.The PE of the stock is 31.5 based on TTM earnings ending June 23.

AU Small Finance Bank Ltd gains for third straight session

AU Small Finance Bank continues to focus on strengthening its core portfolio, which is vehicle and Micro Small and Medium Enterprises loans, where long-term growth has been steady at around 20 percent compounded annually.

AU Small Finance Bank well-placed to sustain healthy growth rate: CEO Sanjay Agarwal

Motilal Oswal is bullish on AU Small Finance Bank recommended buy rating on the stock with a target price of Rs 825 in its research report dated August 17, 2023.

Buy AU Small Finance Bank; target of Rs 825: Motilal Oswal

Emkay Global Financial recommended hold rating on AU Small Finance Bank with a target price of Rs 730 in its research report dated July 23, 2023.

Hold AU Small Finance Bank; target of Rs 730: Emkay Global Financial

Motilal Oswal recommended Neutral rating on AU Small Finance Bank with a target price of Rs 810 in its research report dated July 23, 2023.

Neutral AU Small Finance Bank; target of Rs 810: Motilal Oswal

Total income increased by 40.1% to Rs 2,773.46 crore in Q1 FY24 as compared with Rs 1,979.35 crore in Q1 FY23.Net interest income (NII) stood at Rs 1,246 crore in Q1 FY24, was up 28% as compared with Rs 976 crore in Q1FY23.Net interest margin (NIM) for the quarter declined to 5.7% in Q1 FY24 compared with 5.9% in Q1 FY23. Operating expenses jumped 37% to Rs 1,015 crore during the period under review.Pre-provisioning profit in Q1 FY24 was Rs 546 crore, up by 39% from Rs 394 crore in Q1 FY23. Provisions dropped by 14% YoY to Rs 33 crore.The banks deposits grew by 27% YoY to Rs 69,315 crore while gross advances increased by 29% YoY to Rs 63,635 crore. Cost of funds for Q1 FY24 increased by 29 bps to 6.58%.The banks gross non-performing assets (NPAs) stood at Rs 1,121 crore as on 30 June 2023 as against Rs 981 crore as on 31 March 2023 and Rs 970 crore as on 30 June 2022.The banks asset quality improved significantly with GNPA at 1.76% as on 30 June 2023 as against 1.96% as on 30 June 2022. Net NPA stood at 0.55% of net advances as of June 2023 as compared to 0.56% posted in June 2022.Provision coverage ratio remained at 73% including technical write off and floating provision.CRAR was at 21.5% and Tier I at 19.9% as on 30 June 2023; CRAR was at 19.4% and Tier 1 at 18.4% as on 30 June 2022.During the quarter, the customer base using digital properties like “AU 0101” increased to 21.6 Lakh from 11.9 Lac in Q1FY23. Of these, 12.2 Lakh customers have been availing services actively on monthly basis.The bank added 11 touchpoints and branches during the quarter and for the full year, bank plans to open more than 50 branches and touchpoints additionally.Commenting on the performance, Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, “The first quarter of FY24 saw improved macro environment with moderating inflation, narrowing current account deficit and rising foreign exchange reserves. The rural economy also continued to recover and the monsoon is likely to support the credit demand in rural and semi-urban areas. I am quite optimistic about the Indian economy and the banking sector looks poised for sustained period of growth.The strong performance in this quarter is a testimony to our highly competent and empowered team and our business model which allows us to capture customer imagination, which in turn allows us to service our customers in an innovative manner.”AU Small Finance Bank (AU SFBAU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country.The scrip declined 3.91% to Rs 735.20 on the BSE.

AU SFB Q1 PAT climbs 44% YoY to Rs 387 cr  

HDFC Securities recommended reduce rating on AU Small Finance Bank with a target price of Rs 580 in its research report dated July 21, 2023.

Reduce AU Small Finance Bank; target of Rs 580: HDFC Securities

AU Small Finance Bank Ltd. engages in the provision of banking services. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking Operations. The Treasury segment consists of net interest earnings from the bank's investment portfolio, money market borrowing, and lending and gains or losses on investment operations. The Retail Banking segment serves retail customers through a branch network, and other delivery channels. The Wholesale Banking segment provides loans, non-fund facilities and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. The Other Banking Operations segment includes income from para banking activities such as debit cards, third party product distribution, and the associated costs. The company was founded by Sanjay K. Agarwal in 1996 and is headquartered in Jaipur, India.

Watchers	121
52-Wk Low	548.00
52-Wk High	795.00

Market Cap	495.89B
Volume (M)	766,479.00
52-Wk High	795.00
52-Wk Low	548.00

Current Price	750.10
Prev Close	742.35
Open	743.00
Dividend Yield	0.17%
50-Day Moving Average	731.81
Beta	0.21
Avg. Volume	1.79M
PE Ratio	31.81

52-Week High	795.00
52-Week Low	548.00
Market Capitalization	495.89B
EPS	23.34
Price to Book	4.51
Revenue Per Employee	3.54M
Enterprise Value/EBITDA	N/A

AUBANK.NSE AU Small Finance Bank Limited

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