AU Small Finance Bank hits new high, gains 14% in two days

The stock surged 10% intra-day to Rs 787 and surpassed its previous high of Rs 747 touched on April 27, 2019, on back of heavy volumes on the BSE.

Shares of AU Small Finance Bank advanced by 10 per cent, hitting a new high of Rs 787 on the BSE on Wednesday on the back of heavy volumes. With this, the private sector lender surpassed its previous high of Rs 747 touched on April 27, 2019.

Trading volumes on the counter jumped nearly 10-fold today, with 308,000 equity shares changing hands on the BSE till 01:32 pm. Around 193,233 shares, representing 0.07 per cent of total equity of the bank, changed hands at 09:59 am in a single deal, the exchange data shows.

The stock gained 14 per cent in the