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AU Small Finance Bank soars 9%, hits new high on strong Q3 results

The private sector lender's stock is trading at its highest level since its listing on July 10, 2017

Small finance banks, start-up
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SI Reporter Mumbai
Shares of AU Small Finance Bank soared 9 per cent to Rs 964 on the BSE on Thursday, after the bank’s net profit doubled in December 2019 quarter to Rs 190 crore on the back of strong growth in net interest income (NII). The bank had a profit of Rs 95 crore during the same quarter last fiscal.

The private sector lender's stock is trading at its highest level since its listing on July 10, 2017. It surpassed its previous high of Rs 892, touched on January 20, 2020. With today’s rally, the stock is now quoting 165 per