Au Small Fin Bank shares gain 1.9% as Sensex rises

Au Small Fin Bank shares gain 1.9% as Sensex rises
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A total of 6,044 shares changed hands on the counter till 12:18PM (IST)

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Shares of Au Small Finance Bank Ltd. traded 1.9 per cent up at Rs 1284.5 at 12:18PM (IST) on Wednesday, even as BSE benchmark Sensex gained 246.8 points to 57547.48. The stock had settled at Rs 1260.6 in the previous session.

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

As per BSE data, total traded volume on the counter till 12:18PM (IST) stood at 12:18PM shares with turnover at Rs 0.77 crore.

At the current price, shares of the company trades at 42.24 times its trailing 12-month earnings per share of Rs 30.36 per share and 0.0 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.87.

Shareholding Details
Promoters held 28.33 per cent stake in the company as of 31-Dec-2021, while FIIs owned 33.21 per cent and DIIs 19.99 per cent.

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