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AU Small Finance Bank slumps 25% in three days

Capital Market 

AU Small Finance Bank tumbled 7.27% to Rs 488.20, extending its losing run to third consecutive session.

The stock has lost 25% in three trading sessions from its previous closing high of Rs 650 hit on 20 March 2020.

AU Small Finance Bank has tanked 61.09% from its record high of Rs 1,217.70 hit on 2 March 2020. The stock hit a record low of Rs 473.85 in intraday today. It took only 16 sessions for the stock to slide from its record high to an all-time low.

AU Small Finance Bank operates as a commercial bank. The bank offers financial products and services such as savings and current accounts, term deposits, debit cards, insurance, government banking, retail loans, and microfinance lending.

The bank reported 99.5% jump in net profit to Rs 190.20 crore in Q3 December 2019 as compared to Rs 95.33 crore in Q3 December 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 25 2020. 14:10 IST
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