AU Small Finance Bank Share: Brokerage ne kiya 'Hold' pe downgrade! Target ₹1010, kya abhi bhi mauka hai?

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AuthorKavya Nair|Published at:
AU Small Finance Bank Share: Brokerage ne kiya 'Hold' pe downgrade! Target ₹1010, kya abhi bhi mauka hai?
Overview

Bro, suno! ICICI Securities ne AU Small Finance Bank (AUSFB) ko 'Buy' se 'Hold' pe girada hai. Unka kehna hai ki stock abhi thoda overvalued lag raha hai, matlab saari achi khabar already price mein dikh rahi hain. Naya target price diya hai **₹1,010**.

Q3 Results Toh Mast The!

Sabse pehle ye jaan lo ki bank ne Q3FY26 mein 19% ka profit growth dikhaya hai, jo pichle saal ke comparison mein kaafi achha hai. Ye sab badhti hui NIM (Net Interest Margin) aur sudarti hui asset quality ki wajah se hua. Bank ka RoA bhi 1.5% ke upar chala gaya hai, jo pichle teen quarter mein sabse acha hai. Management bhi confident hai ki ye performance aage bhi maintain rahegi. NIM bhi 5.7% ho gaya hai, kyunki funding cost 22 basis points kam ho gayi.

Asset Quality Mein Sudhar

Aur ek achhi baat ye hai ki loan defaults (stressed assets) kam ho gaye hain. Q2FY26 mein slippage ratio 3% se neeche tha, aur Q3 mein ye 2.5% se bhi neeche aa gaya. Credit costs bhi kaafi gir gaye hain, 0.8% ho gaye hain jo Q4FY25 mein 2.3% the.

Toh Fir Downgrade Kyu?

Abhi sabse bada reason ye hai ki ICICI Securities ko lagta hai ki ye saari achhi khabrein aur ye 19% ka profit growth stock price mein pehle se hi include ho chuka hai. Stock abhi apne March 2027 ke estimated book value ke 3.25 times pe trade kar raha hai. Isiliye, unhone rating ko 'Buy' se 'Hold' kar diya hai.

Naya Target Kya Hai?

Haalanki, unhone target price ko ₹925 se badha kar ₹1,010 kar diya hai, kyunki ab valuation horizon March 2027 tak extend ho gaya hai. Par iska matlab hai ki stock mein ab zyada upside nahi dikh raha hai aur yahan se thoda sideways ya neeche jaane ki possibility hai.

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