AU Small Finance Bank rises over 2% after Morgan Stanley raises target

AU Small Finance Bank Share Price: AU Small Finance Bank shares are rising over 2 per cent on BSE on Monday (November 13) after Morgan Stanley raised its target on the company. The stock of the small bank was rising higher by 2.24 per cent, or Rs 15.90, at Rs 724.80 on BSE at 10:32 am on Monday.

What Morgan Stanley says about AU Small Finance Bank

Morgan Stanley has maintained an 'overweight' rating on the company. The brokerage has also raised its share target price from Rs 925 to Rs 1,000. 

Morgan Stanley is upbeat about the growth of the company saying the small bank is well placed to more than double its EPS over the next three years (F23-F26).

In a BSE filing on Monday, AU Small Finance Bank said that an extraordinary general meeting of the bank is scheduled for Monday, November 27, 2023, at 3:00 P.M. (1ST), in Jaipur.

What is AU Small Finance Bank? 

AU Small Finance Bank is a small bank that provides banking services to individuals as well as micro and small enterprises and retail customers.

The bank's focus is on financial inclusion and catering to the requirements of individuals and businesses in small and semi-urban areas.

AU Small Finance Bank is a financial institution in India that provides banking and financial services to individuals, micro and small enterprises, and retail customers.

It focuses on financial inclusion and serving the needs of individuals and businesses in small and semi-urban areas.

The company's headquarters are in Jaipur.