EQUITAS SFB STOCK UPDATE
Ujjivan SFB to work on key focus areas
The SFB entered new states in FY24, which is expected to support the loan book growth in the medium term. The analysts have trimmed the earnings expectations citing possibility of higher loan loss provisioning over the next two years.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 20.55 points down at 23700.75
Ujjivan SFB drops 5% on higher credit cost projection
Ujjivan Small Finance Bank's shares plunged a tad over 5% Monday after its management projected a higher credit cost for the fiscal 2024-25 and a 20% lending growth, which is at the lower end of a range given earlier.
Stock market update: Nifty Realty index advances 0.3%
The Nifty Realty index closed 0.3 per cent up at 1135.35.
Stock market update: Nifty Auto index advances 0.87%
The Nifty Auto index closed 0.87 per cent up at 25309.8.
Stock market update: Nifty Bank index advances 0.08%
The Nifty Bank index closed 0.08 per cent up at 51703.95.
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Stock market update: Nifty IT index falls 0.16%
The Nifty IT index closed 0.16 per cent down at 35143.8.
Stock market update: Nifty Pharma index falls 0.04%
The Nifty Pharma index closed 0.04 per cent down at 19521.15.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 36.75 points up at 23537.85
Stock market update: Nifty Bank index falls 0.01% in an upbeat market
The Nifty Bank index was trading 0.01 per cent down at 51656.05.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 3.65 points down at 23497.45
Stock market update: Nifty Auto index advances 0.41% in an upbeat market
The Nifty Auto index was trading 0.41 per cent up at 25194.55.
Stock market update: Nifty IT index advances 0.06% in a weak market
The Nifty IT index was trading 0.06 per cent up at 35222.2.
Stock market update: Nifty Realty index falls 0.94% in a weak market
The Nifty Realty index was trading 0.94 per cent down at 1121.3.
Stock market update: Nifty Pharma index falls 0.1% in a weak market
The Nifty Pharma index was trading 0.1 per cent down at 19509.0.
Improving asset quality, reach to keep Jana SFB on growth path
JSFB provides micro financing, secured business loans, loans against property, micro, small and medium enterprises loans, loans against deposits and gold, and loans to finance companies. The bank strives to reduce reliance on unsecured loans by expanding the portfolio of secured loans. At the end of March 2024, its total loan book was worth Rs 24,746 crore.
This banking stock gave 22% returns last year; is Equitas Small Finance Bank stock a good buy now?
Equitas Small Finance Bank’s 2022-23 annual report expects a Rs.22 lakh crore market for small business lending, backed by residential property. A recent Centrum Broking report states that the company is poised to double its AUM within the next three years, supported by its improving deposit franchise and distinct client segments. Its comfortable valuations at 1.4 times based on 2025-26 P/ABV (price to adjusted book value) presents an appealing opportunity for entry, adds the Centrum report. Should you invest in Equitas Small Finance Bank now?
Buy Equitas Small Finance Bank, target price Rs 115: Geojit Financial Services
Equitas Small Finance Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 10780.55 crore).
Q4 Results: How AU SFB, DCB Bank and Equitas SFB performed in March quarter
Banking companies, AU Small Finance Bank, Equitas Small Finance Bank and DCB Bank on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends.
Is the bottom of the pyramid also a big opportunity? 4 small finance banks with upside scope of up to 41%
While it's commonly thought that auto and FMCG companies are prime indicators of the rural economy's health due to their direct consumer engagement, small finance banks (SFBs) may actually provide a clearer picture of the rural and semi-urban economic landscape. This clarity comes from their operational focus on these less urbanized areas and their direct involvement in lending to local businesses. Despite facing various challenges, SFBs have seen growth, driven largely by the unmet demand for capital at reasonable interest rates in rural areas. They offer credit to the bottom of the pyramid, at more favorable rates compared to traditional options which were available till a few years back, filling a critical gap.
Capital Small Finance Bank makes a disappointing debut. What should investors do now?
Analysts said the negative performance falls significantly short of pre-listing expectations and raises questions about investor confidence in the bank's prospects.
Small finance banks bounce back from Covid lows
Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.
Breakout Stocks: How to trade BLS International, Bajaj Auto and Equitas SFB on Wednesday
BLS is currently trading at an all-time high of ₹317. The stock has recently experienced a robust breakout of a rounding bottom pattern, accompanied by significant trading volume, forming a strong bullish candle on the daily chart. This trend signals a positive shift in momentum for the stock
ESAF Small Finance Bank makes a healthy D-Street debut. What investors should do
The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category of the IPO was booked 173 times
Equitas SFB, BSE, 6 other small cap stocks hit all-time highs on Friday
In a day filled with exceptional market activity, several small-cap stocks reached new all-time highs on October 20, highlighting their impressive performance and growth potential.
Market Trading Guide: IRCTC, Equitas SFB among 5 stock recommendations for Wednesday
Target Price: Rs 101 Stop Loss: Rs 86 Post multi-month uptrend, the stock went through a price consolidation. However, during this decline, the stock has managed to defend its 21-day EMA levels and these EMA levels are acting as a support zone since July’23. Positive follow-up action is likely to resume the prevailing uptrend. (Amit Trivedi, Technical Analyst - Institutional Equities, Yes Securities)
SBI, AU SFB, 4 other stocks surpass 100-day SMA
The Indian stock market brought a notable development on September 8, as several major companies crossed their 100-day Simple Moving Averages (SMA).
Equitas SFB, Mankind Pharma, 8 other mid & small cap stocks surpass 50-day SMA
The stocks that crossed their 50-day SMA on August 31 reflect strong market sentiment and growth potential.
Two foreign investors buy stakes in Equitas SFB for Rs 98 cr in bulk deal
According to the shareholding pattern as of December quarter, Equitas Small Finance Bank is completely owned by public shareholders. Mutual funds own about 38.11% stake in the company, while foreign investors have 18.66%. Ace investor Ashish Dhawan holds 3.64% in the company.
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