Market cap - INR 9,650 cr. The stock is currently trading at a TTM P/E ratio of 12.28 and a lucrative P/B ratio of 0.77.
The bank has shown a significant performance jump in Q3 FY23, reporting a 14.9% YoY jump in revenue to INR 3,091 crores, while profit increased 85.8% YoY to INR 224.8 crores.
NII grew by 14% YoY to Rs 1,148 cr NIM was 4.74%
Total deposits grew by 11% YoY to Rs 81,746 crore while net advances book grew 15% YoY
Returns -
1 year return 6.52%
6 Months 16%
One month down 7%
last 1 week 3%
DIIs increased their stake in the company from 5.26% in Q2 FY23 to 5.74% in Q3 FY23, making it the third consecutive quarter of stake increase.
Wait for declines to 135 levels and buy for long term
Date 23 March 2023
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