Au Small Fin Bank share price: Au Small Fin Bank shares gain 0.7% as Sensex falls

The shares of Au Small Finance Bank Ltd. traded 0.7% at Rs 1,223.75 at 10:56 am (IST) on Monday, even as the BSE benchmark Sensex lost 638.63 points to 58,997.38.

The certificate had settled at Rs 1,215.25 during the previous session. The stock traded at a 52-week high price of Rs 1,389.0 and a 52-week low of Rs 723.0, respectively. According to ESB data, the total volume traded over the counter until 10:56 am (IST) stood at 14,185 shares with a turnover of Rs 1.72 crore.

At the current price, the company’s shares were trading at 33.9 times its 12-month EPS of Rs 36.08 per share and 0.0 times its book value, according to BSE data.

A higher P / E ratio shows that investors are prepared to pay a higher share price today due to growth expectations going forward.

Book value indicates the intrinsic value of a business and reflects the price investors are willing to pay even if the business does not grow. The stock’s beta value, which measures its volatility relative to the broader market, was 0.87.

Shareholder details

Promoters held 28.39 percent of the company’s capital as of September 30, 2021, while FIIs held 32.45 percent and DIIs 12.05 percent.

Techniques

On technical charts, the stock’s Relative Strength Index (RSI) stood at 51.58. The RSI hovers between zero and 100. Traditionally it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be. considered in isolation because it may not be enough to take a trading call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.

Source link