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Hot Pursuit

Scrips, which has significant changes during the market hours.

 
AU Bank snaps seven day losing streak; trades below key moving averages
19-Feb-25 14:54Hrs IST

On the BSE, over 36.64 lakh shares of the company had changed hands at the counter as compared with the average trading volume of 3.71 lakh shares in the past two weeks.

The scrip had declined 15.35% in the last seven sessions from its close of Rs 592 recorded on 07 February 2025 and ended at Rs 501.15 on the BSE yesterday.

The selling continued at the start of today's trading session, with the scrip hitting its lowest level of Rs 492.80 since January 2022. The stock had hit a low of Rs 467.5 in December 2021.

In the last one year, the stock has corrected by 12.40% while the benchmark S&P BSE Sensex and the S&P BSE MidCap Index have gained 4.41% and 0.71%, respectively.

On the daily charts, AU Bank is currently trading below its 50-day, 100-day and 200-day simple moving averages placed at 572.60, 602.04 and 630.32, respectively.

On the technical front, the stock's RSI (14) was currently at 33.231. An RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.

On the valuation front, AU Bank's current standalone price-to-book value (P/BV) ratio is 2.43. Based on the historical data, this level is the lowest for the bank in the past five years. The counter's five-year median P/BV ratio is 4.52.

AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest small finance bank in the country.

The bank had reported 41% jump in net profit to Rs 528 crore on a 49% increase in net total income to Rs 2,641 crore in Q3 FY25 as compared with Q3 FY24.

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