“IT companies have generously rewarded the shareholders in the last five years. In terms of PAT, 80% of what they have generated, have been paid back in terms of dividends and buybacks. If you are considering the next one year, I think IT stocks will definitely reward investors handsomely.”
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs