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    Shares of Au Small Fin Bank fall as Nifty gains

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 690.33.

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of Au Small Finance Bank Ltd. slipped 3.92 per cent to Rs 662.65 in Monday's trade as of 02:10PM (IST). It hit a high of Rs 689.9 and low of Rs 630.9 during the session.

    The stock quoted a 52-week high price of Rs 794.95 and a low of Rs 548.15. The return on equity for the stock stood at 13.06 per cent. About 135,216 shares have changed hands on the counter so far.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.87.

    The scrip has been an outperformer, up 15.42 per cent in the past one year in comparison with a 11.12 per cent gain in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 548.15 on October 30, while the 50-DMA was at Rs 719.61. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 25.49 per cent stake in Au Small Finance Bank Ltd. as of 30-Sep-2023. Mutual funds and foreign institutional investors held 10.74 per cent and 41.65 per cent stake.
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