AU Small Finance Bank's Q4 net profit falls 13% to Rs 371 cr; declares dividendMoneycontrol • about 17 hours ago
The bank declared a dividend of Rs 1 per share for FY23-24 subject to shareholder’s approval
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Experts feel the Nifty is likely to correct up to 22,300-22,200 and breaking of the same can take it down up to 22,000 mark, but in case of recovery, 22,700-22,800 may be the key hurdle
Looking ahead, the level of 48,636 poses an immediate resistance as it represents the previous high reached in December 2023
The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.
The RBI's move will allow further flexibility to SFBs to hedge their interest rate risk and enhance their resilience.
Sharekhan recommended Hold rating on AU Small Finance Bank with a target price of Rs 700 in its research report dated March 19, 2024.
Motilal Oswal is bullish on AU Small Finance Bank recommended buy rating on the stock with a target price of Rs 720 in its research report dated March 19, 2024.
Motilal Oswal is bullish on AU Small Finance Bank recommended buy rating on the stock with a target price of Rs 720 in its research report dated March 13, 2024.
PSU banks have staged a strong comeback, outperforming the Nifty Private Bank index with the Nifty PSU Bank Index delivering a remarkable 162 percent returns since March 2022, compared to 24 percent for private banks