Market

Au Small Fin Bank shares drop 0.39% as Sensex rises

Shares of Au Small Finance Bank Ltd. traded 0.39 per cent down at Rs 1183.7 at 01:29PM (IST) on Tuesday, even as BSE benchmark Sensex gained 346.35 points to 52719.04.

The scrip had closed at Rs 1188.35 in the previous session. The stock quoted a 52-week high price of Rs 1356.35 and 52-week low of Rs 610.0, respectively. As per BSE data, total traded volume on the counter till 01:29PM (IST) stood at 31160 shares with a turnover of Rs 3.7 crore.

At the current price, the stock traded at 31.54 times its trailing 12-month EPS of Rs 37.5 per share and 0.0 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.87.

Shareholding Details

Promoters held 28.47 per cent stake in the company as of 31-Mar-2021, while FIIs owned 32.05 per cent and DIIs 10.78 per cent.

Technicals

On the technical charts, the relative strength index (RSI) of the stock stood at 69.4. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a’buy’ or’sell’ recommendation using a single valuation ratio.

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