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Why AU Small Finance Bank will continue to command a premium

Given the strong highway of growth ahead, any weakness due to volatility in the broad market is an opportunity to add AU for the long term

March 31, 2021 / 10:23 AM IST
Why AU Small Finance Bank will continue to command a premium

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Asset quality comforting, enough provision for future contingency - Collection efficiency improved to normal - Growth coming back, record disbursement in the last reported quarter - Liability profile strong, led by low-cost deposits - Raised equity capital in recent times - Buy on market weakness for the long term AU Small Finance Bank (AU, CMP: Rs 1,299, Market Cap: Rs 40,553 crore) showed its true class during the difficult times of the pandemic and emerged almost unscathed. We had strongly recommended the stock at a distress...

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