Nomura on AU Small Finance Bank: The brokerage downgraded the stock to 'neutral' from 'buy' and cut its target price to Rs 500 from Rs 1,065 per share. The company's near-term challenges outweigh long-term opportunities, it added.
NSE-BSE bulk deals: Westbridge AIF buys 59.8 lakh shares of AU Small Finance Bank Westbridge AIF bought 5,988,114 shares of AU Small Finance Bank at Rs 746.40 per share, while Redwood Investment sold 6,923,114 shares of the company at the same price.
Buy AU Small Finance Bank; target of Rs 850: Motilal Oswal Motilal Oswal is bullish on AU Small Finance Bank recommended buy rating on the stock with a target price of Rs 850 in its research report dated July 24, 2020.
Reduce AU Small Finance Bank; target of Rs 700: YES Securities YES Securities recommended reduce rating on AU Small Finance Bank with a target price of Rs 700 in its research report dated July 24, 2020.
AU Small Finance Bank shares fall 4%; brokerages express mixed views on road ahead The bank, on July 23, reported a 6 percent rise in its net profit at Rs 201 crore in the April-June quarter of the current fiscal year.