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AU SFB has to pass asset quality test after raising funds: Analysts

The stock has corrected by about 12 per cent after touching a high of Rs 1,315 a share on March 9

Topics
AU Small Finance Bank | AU Small Finance Bank stock | Banking sector

Hamsini Karthik  |  Mumbai 


AU Small Finance Bank (AU SFB) raising equity capital at Rs 1,251 a share — a premium of 5.6 per cent to its issue price — is no mean feat, given its asset size of just Rs 33,200 crore. This is because even larger peers such as Axis Bank and ICICI Bank couldn’t raise capital at a premium.

However, after touching a 52-week high of Rs 1,315 apiece on March 9 (when it raised capital), the stock has corrected about 12 per cent to Rs 1,179.45, indicating the pressure in retaining premium valuations. In comparison, the Sensex has shed 4 per cent from its intra-day high ...

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First Published: Fri, March 26 2021. 19:29 IST

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