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AU Small Finance Bank stock top choice in FY20, overtakes PNB, BoB in m-cap

At 8x FY21 estimated book, even as it is the most expensive lender, the stock remains among the preferred picks in the banking pack

Hamsini Karthik 

With gains of over 100 per cent in the past year, AU Small Finance Bank (AU SFB) is the undoubted top performer among stocks in banking and financial services.

In terms of price gains in a year, it has toppled giants such as ICICI Bank, Bajaj Finance, HDFC Bank, and State Bank of India, while in terms of market capitalisation, it has overtaken long-standing players such as Bank of Baroda, Punjab National Bank, and IDBI Bank. Its market cap, of Rs 35,083 crore, is more than the combined figures of 10 other banks including Oriental, Bank, Syndicate Bank, and DCB Bank. ...

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First Published: Wed, March 04 2020. 21:27 IST
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