Au Small Fin Bank shares fall 1.0% as Nifty gains

Au Small Fin Bank shares fall 1.0% as Nifty gains
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The stock quoted a 52-week high price of Rs 1420.65 and a 52-week low of Rs 910.0.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Au Small Finance Bank Ltd. traded 1.0 per cent down at Rs 1295.15 on Wednesday at around 01:00PM (IST), while the benchmark BSE Sensex advanced 120.72 points to 58262.77.

As many as 13,946 shares changed hands on the counter with a total value of Rs 1.81 crore.

The stock quoted a 52-week high price of Rs 1420.65 and a 52-week low of Rs 910.0.

On the technical charts, the 200-DMA of the stock stood at Rs 1156.13, while 50-DMA was at Rs 1205.24. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 18.93 per cent in the past one year, while Sensex has risen 13.04 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 42.76 and a price-to-book ratio of 0.0. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Small Finance Bank industry.

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