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Business Standard
26-06-2025
- Business
- Business Standard
AU Small Finance Bank Ltd spurts 0.61%, rises for fifth straight session
AU Small Finance Bank Ltd is quoting at Rs 812, up 0.61% on the day as on 12:44 IST on the NSE. The stock is up 21.9% in last one year as compared to a 5.65% jump in NIFTY and a 7.72% jump in the Nifty Bank. AU Small Finance Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 812, up 0.61% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. AU Small Finance Bank Ltd has gained around 15.8% in last one month. Meanwhile, Nifty Bank index of which AU Small Finance Bank Ltd is a constituent, has gained around 2.78% in last one month and is currently quoting at 56621.15, up 0.48% on the day. The volume in the stock stood at 26.08 lakh shares today, compared to the daily average of 32.31 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 808.4, up 0.37% on the day. AU Small Finance Bank Ltd is up 21.9% in last one year as compared to a 5.65% jump in NIFTY and a 7.72% jump in the Nifty Bank index.
Mint
19-06-2025
- Business
- Mint
Stock market today: 73 stocks hit 52-week highs, 79 stocks at 52-week low as Nifty 50, Sensex end lower
Stock market today: On Thursday, 73 stocks hit their 52-week high, including AU Small Finance Bank Ltd, Muthoot Finance Ltd, Steel Strips Wheels Ltd, S Chand and Company Ltd, Indiabulls Enterprises Ltd, and GRM Overseas Ltd. In contrast, 79 stocks touched 52-week lows, with notable mentions like Easy Trip Planners Ltd, Vodafone Idea Ltd, Protean eGov Technologies Ltd, Ola Electric Mobility Ltd, Music Broadcast Ltd, Spicejet Ltd, and Schloss Bangalore Ltd. India's stock market indicators saw little movement on Thursday, while the broader markets experienced a downturn, as investors remained wary due to rising tensions in the Middle East and signals of a strict monetary policy from the US. The Nifty 50 decreased by 0.08% to settle at 24,793.25, while the BSE Sensex dropped by 0.1% to reach 81,361.87. Vinod Nair, the Head of Research at Geojit Investments, noted that the Indian equity index exhibited a rangebound trend with a negative inclination, as global caution increased due to worries about potential US involvement in the Middle East conflict. Nair highlighted that the mood among investors was further impacted by the Federal Reserve's choice to maintain interest rates while indicating ongoing inflation and a slowdown in economic growth, which adversely affected software export stocks. The overall market performance fell short of the benchmark index, primarily due to selling pressure in mid- and small-cap stocks, whereas larger-cap growth stocks demonstrated greater stability, all while closely monitoring crude oil prices and international developments, according to Vinod. According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty 50 witnessed a lackluster expiry on the NSE, as the index remained within a narrow range throughout the session, indicating indecisiveness ahead of any directional move. On the hourly chart, the index continues to trade below the 200-DMA, reflecting weak market sentiment. On the daily chart, it has slipped below the 21-EMA, further reinforcing the bearish outlook. This negative sentiment is likely to persist as long as the index remains below 24,850. On the downside, support is seen at 24,550. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
12-06-2025
- Business
- Mint
Stock market today: 97 stocks hit 52-week highs, 34 stocks at 52-week low as Nifty 50, Sensex end 1% over lower
Stock market today: On Thursday, 97 stocks hit their 52-week high, including Anupam Rasayan India Ltd, AstraZeneca Pharma India Ltd, AU Small Finance Bank Ltd, Deepak Fertilisers & Petrochemicals Corporation Ltd, Divis Laboratories Ltd, Eris Lifesciences Ltd, Intellect Design Arena Ltd, Laurus Labs Ltd, Manappuram Finance Ltd, Muthoot Finance Ltd, and Procter & Gamble Health Ltd. In contrast, 34 stocks touched 52-week lows, with notable mentions like Aditya Birla Fashion and Retail Ltd, National Standard (India) Ltd, Neopolitan Pizza And Foods Ltd, and Rex Sealing and Packing Industries Ltd. Indian stocks dropped on Thursday due to ongoing uncertainties regarding the US-China trade agreement and rising geopolitical tensions in the Middle East, which negatively impacted investor risk appetite. The Nifty 50 index decreased by 1.01% to 24,888.2, ending its six-day winning streak, while the BSE Sensex fell by 1% to 81,691.98. Both small-cap and mid-cap stocks fell by 1.8% and 1.6%, respectively. All 13 major sectors experienced declines. Global market sentiment deteriorated even though US President Donald Trump stated that a tariff framework with China was established, as the lack of specific terms kept markets anxious. Vinod Nair, who leads research at Geojit Investments, noted that the consolidation in domestic markets is developing into a widespread trend, now affecting large-cap stocks as well. Concerns over valuations and climbing oil prices—propelled by tensions in the Middle East—are increasing risk aversion among investors. The IT, metals, and auto sectors have generally lagged behind in performance. Nair believes that compounding the uncertainty, the US is contemplating imposing unilateral tariff increases on several significant trading partners, with an announcement anticipated within the next week or two, ahead of the early July deadline. At the same time, gold is experiencing a new wave of safe-haven buying due to rising geopolitical and economic uncertainties. According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 slipped sharply following a consolidation breakdown on the daily chart, indicating bearish pressure around the recent market top near 25,200. The index found support near the lower end around 24,850 and managed to hold above this level. Despite the sharp fall, other technical conditions remain intact, suggesting that the broader trend is still strong and a short-term reversal is possible. However, a decisive break below 24,850 could weaken market sentiment. On the higher side, 25,000 is likely to act as immediate resistance. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Business Standard
10-06-2025
- Business
- Business Standard
Volumes soar at AU Small Finance Bank Ltd counter
AU Small Finance Bank Ltd saw volume of 104.69 lakh shares by 10:46 IST on BSE, a 51.1 fold spurt over two-week average daily volume of 2.05 lakh shares Grasim Industries Ltd, Jindal Saw Ltd, Coforge Ltd, Sun TV Network Ltd are among the other stocks to see a surge in volumes on BSE today, 10 June 2025. AU Small Finance Bank Ltd saw volume of 104.69 lakh shares by 10:46 IST on BSE, a 51.1 fold spurt over two-week average daily volume of 2.05 lakh shares. The stock increased 0.28% to Rs.774.00. Volumes stood at 11.46 lakh shares in the last session. Grasim Industries Ltd clocked volume of 1.18 lakh shares by 10:46 IST on BSE, a 15 times surge over two-week average daily volume of 7864 shares. The stock gained 3.95% to Rs.2,711.60. Volumes stood at 11799 shares in the last session. Jindal Saw Ltd clocked volume of 15.45 lakh shares by 10:46 IST on BSE, a 9.1 times surge over two-week average daily volume of 1.70 lakh shares. The stock gained 9.36% to Rs.253.60. Volumes stood at 6.7 lakh shares in the last session. Coforge Ltd notched up volume of 1.67 lakh shares by 10:46 IST on BSE, a 4.5 fold spurt over two-week average daily volume of 37186 shares. The stock rose 3.35% to Rs.1,853.55. Volumes stood at 30090 shares in the last session. Sun TV Network Ltd recorded volume of 25343 shares by 10:46 IST on BSE, a 3.53 times surge over two-week average daily volume of 7184 shares. The stock gained 1.04% to Rs.632.00. Volumes stood at 8114 shares in the last session.
Mint
25-04-2025
- Business
- Mint
AU Small Finance is in repair mode, but net interest margin could be a challenge
AU Small Finance Bank Ltd investors have entered FY26 with mixed feelings. While the anticipates elevated credit cost in the first half of the year, the management expects an improvement in the second half. Credit cost (on average total assets) stood at 1.3% in FY25 due to increased stress in unsecured portfolios, mainly microfinance (MFI) and credit cards. What offers comfort is that AU Small Finance Bank has seen an improvement in collection efficiency in the MFI portfolio and expects the trend to continue in FY26. Also, slippages eased to 3.62% in the March quarter (Q4FY25) from 4.06% in Q3FY25. MFI credit cost is seen declining to 3.5% in FY26 versus 7.7% in FY25. What's more, the bank is exercising caution and pursuing balanced growth in the unsecured segment. It looks to cap the MFI book at 10% of the total portfolio, while the entire unsecured segment exposure would be capped at 15%. All new disbursals are expected to be Credit Guarantee Fund for Micro Units (CGFMU)-insured. Roughly 36% of the current MFI portfolio is already covered under CGFMU. To tackle stress in the credit card portfolio , the bank has tightened the underwriting and credit filters, thus limiting credit card issuance, which stands at around 10,000 versus 40,000-45,000 cards earlier. Credit card credit cost is seen declining to 6-7% in FY26 from 11% in FY25. Overall, credit cost (on average total assets) could fall to around 85 basis points in FY26 and 75 bps in FY27. However, tight control on costs and efforts on improving asset quality should translate into meaningful improvement in credit costs, paving way for the bank to reach its return on asset (RoA) target of 1.8% by FY27 from 1.5% in FY25. For now, the management didn't give RoA guidance for FY26. The management expects the credit card business to breakeven by FY27 and that should contribute to overall RoA from FY28 onwards. Also Read: AU Small Finance Bank—weighed down by industry headwinds, but set for a turnaround That said, net interest margin (NIM) would be a challenge in FY26. The management acknowledged the likely NIM pressure as a 50bps rate repo cut would put pressure on near-term NIM outlook given around 30% floating rate book. AU has already cut the savings account rate by 25bps in April, but it is not looking to cut savings account rates in near-term. NIM fell 10bps sequentially in Q4FY25 to 5.8% as a higher proportion of low-yielding secured loans weighed on spreads. 'While credit cost is unlikely to normalize soon, we expect it to decline enough to offset any pressure from a declining NIM—and probably more," said Kotak Institutional Equities report on 23 April. Even so, given the broader macro uncertainty, the brokerage prefers to wait and establish a recovery in the core secured businesses before turning more positive. But it acknowledges that the discomfort with valuations has declined. Meanwhile, the bank expects to receive a universal bank licence in 2025. This would support growth, boost market positioning and enable better deposit mobilisation at a more favourable cost. That said, according to Emkay Global Financial Services , the bank's plan to transition toward secured loans and elevated operational cost in the run-up to its transition into a universal bank could limit RoA to 1.5-1.6% over FY26-28E. In the last one year, the stock is up around 12%, trajectory of margin and asset quality trends in mainly in unsecured portfolios would decide the stock's trajectory ahead. Also Read: MFI stress may weigh on small finance banks' loan growth, asset quality in short term
