AU Small Finance Bank's stock is trading at Rs. 718.60, marking an increase of 4.20 points or 0.59% from its previous close of Rs. 714.40 on the BSE.
The stock opened at Rs. 721.00, with a trading range between Rs. 724.40 and Rs. 717.00 so far. A total of 14,809 shares have been exchanged during the trading session.
This BSE 'A' group stock, with a face value of Rs. 10, hit its 52-week high of Rs. 813.00 on January 8, 2024, and a 52-week low of Rs. 554.00 on March 20, 2024. In the past week, the scrip reached a high of Rs. 724.40 and a low of Rs. 671.05. The company's current market capitalization stands at Rs. 53,110.16 crore.
Promoters hold a 22.92% stake in the company, while institutional investors and non-institutional investors own 58.02% and 19.06% respectively.
AU Small Finance Bank has inked a corporate agency agreement with Kotak Mahindra Life Insurance Company to offer life insurance products to its customers. This collaboration will allow the bank's clients to choose from a wide range of life insurance solutions offered by Kotak Mahindra Life Insurance.
AU Small Finance Bank is a small finance bank (SFB) that transitioned from a retail-focused non-banking finance company (NBFC), serving mainly low- and middle-income individuals and businesses with limited access to formal financial services.