In a few ideas for profit from Moneycontrol Pro, Madhuchanda Dey of Moneycontrol.Com talks about a stock that she is tracking closely, AU Small Finance Bank.
Despite its recent outperformance, AU Small Finance Bank is in focus for a number of reasons. The growth has come back in the bank in a very big way in the last reported quarter. It also has a retail dominated but predominantly secured asset book and has managed its book quality much better than peers amid the COVID-19 challenges. The NPA picture improved and collection efficiency rose in the last reported quarter.
With adequate capital and substantial investment in technology, it is ready to take market share. The valuation is at a steep discount to its IPO listing valuation.
Watch the accompanying video for more details.
Catch all stock market updates here
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Gonda Lok Sabha election: BJP's Kirti Vardhan Singh takes on Beni Prasad Verma's granddaughter Shreya
May 19, 2024 10:19 PM
Faizabad Lok Sabha election: Can Ayodhya Ram Temple strengthen BJP's stronghold here?
May 19, 2024 10:16 PM
Amethi Lok Sabha election: Can BJP's Smriti Irani retain the Congress bastion she won in 2019?
May 19, 2024 10:12 PM
Rae Bareli Lok Sabha Election: Can Rahul hold on to this Gandhi family bastion?
May 19, 2024 10:09 PM