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ICICI Securities upgrades AU Small Finance Bank to 'add', target price Rs 1,330

The stock ended down 0.3% at Rs 1,158.50 on Monday.

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Last Updated: Mar 03, 2020, 08.10 AM IST
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ICICI Securities has upgraded AU Small Finance Bank to add from hold and raised target price to Rs 1,330 from Rs 980. AU Small Finance Bank, in its eleven quarters as a small finance bank, has exhibited excellent execution on most business metrics, said ICICI Securities. AU’s industryleading AuM growth in the third quarter and pristine asset quality, amid macro headwinds, vindicates the management’s execution capabilities and the bank’s resilient business model, said ICICI Securities. The stock ended down 0.3% at Rs 1,158.50 on Monday.
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