AU Bank rallies 24% in 6 days on strong Q3 update; stock hits 10-week high

Shares of AU Small Finance Bank (SFB) hit a 10-week high of Rs 1,289.55, up 4.5 per cent on the BSE in Tuesday’s intra-day trade. The stock of the private sector lender was trading at its highest level since October 28, 2021. It had hit a 52-week high of Rs 1,389 on August 24, 2021.

Thus far in the month of January, in the last six trading days, the market price of AU SFB has appreciated by 24 per cent after it reported a sequential growth of 10.6 per cent and yearly growth of 26.5 per cent in total