The brokerage said the estimated Price to Earnings ratio – a popular valuation measure – at 19 times is near its five-year average, while foreign investors are most underweight in 15 years.
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