Shares of AU Small Finance Bank gained 2.91%, rising ₹19.00 to trade at ₹671.05 on the NSE at 9:26 AM. The stock’s upward movement comes after the bank reported a 42% year-on-year increase in net profit to ₹571 crore for the quarter ended September 30, 2024. The profit growth was driven by a significant improvement in interest income.
Investors have responded positively to the bank’s robust Q2 performance, pushing the stock higher in early trade.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a qualified financial advisor before making any investment decisions.
