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    AU SFB – After the stock sparkle, comes a stellar quarterly show

    We see AU Small Finance Bank as a long-term winner to be added on any decline

    Madhuchanda Dey
    April 28, 2022 / 02:46 PM IST
    AU SFB – After the stock sparkle, comes a stellar quarterly show

    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

    We had suggested AU Small Finance Bank (CMP: Rs 1415, Market Cap: Rs 44,577 crore) a few weeks back based on its improving outlook and interesting valuation. Since then the stock has had a stellar run. The quarterly results only reinforce our confidence in this high-growth superior quality banking name. The largest small finance bank finished its five-year journey in style, with asset quality reverting to pre-Covid levels, growth coming back, and margin intact, thanks to the superior deposit...

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