AU Small Finance Bank shares fell nearly 2% on Friday following UBS’s concerns over rising non-performing loan (NPL) risks. UBS flagged a significant deterioration in early delinquencies for commercial vehicle (CV) and business loans, noting a 150 bps rise in CV loan delinquencies between March and October 2024. Business loans also saw a 70 bps increase in the same period.
UBS’s analysis of recent disbursements indicated worsening portfolio quality, leading to an increase in credit cost estimates by 2–25 bps across lenders. The bank has adjusted its target price for AU Small Finance Bank to ₹640 from ₹750, maintaining a neutral rating.
Au Small Finance Bank Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Dec 12 2024
|
₹591.50
|
₹591.05
|
|
|
Wed, Dec 11 2024
|
₹594.95
|
₹590.10
|
-0.20%
|
|
Tue, Dec 10 2024
|
₹584.05
|
₹591.30
|
|
|
Mon, Dec 9 2024
|
₹587.95
|
₹581.20
|
-1.06%
|
|
Fri, Dec 6 2024
|
₹602.00
|
₹587.40
|
-1.73%
|
|
Thu, Dec 5 2024
|
₹598.70
|
₹597.75
|
|
|
Wed, Dec 4 2024
|
₹597.85
|
₹595.65
|
|
|
Tue, Dec 3 2024
|
₹583.75
|
₹594.85
|
|
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.