Shares of this small finance bank are rallying on the bourses today!

Shares of this small finance bank are rallying on the bourses today!

by 5paisa Research Team Last Updated: Feb 28, 2023 - 10:54 am 855 Views
Listen icon

Today, the company traded at a new 52-week high value of Rs 73.45.

The shares of Equitas Small Finance Bank are buzzing on the bourses today. As of 10.43 am, the shares of the bank are trading higher by 5.04%. Owing to this, the stock is one of the top gainers on BSE from Group A.  Today, the company traded at a new 52-week high value of Rs 73.45.

Meanwhile, the frontline index S&P BSE Sensex is down by 0.05%.

Looking at the recent announcements, the bank has not made any significant announcements of late. Hence, the rally in the share price could be attributed to market forces.

Quarterly performance highlights

In Q3FY23, the bank’s total income grew by 17.49% YoY to Rs 1,216.03 crore. Its net interest income grew by 20% YoY to Rs 647 crore, taking the net interest margin (NIM) to 9.01%. Meanwhile, PAT grew 57% YoY to Rs 170 crore.

The advances grew by 27% YoY to Rs 24,915 crore. The bank’s total deposits grew 31% to Rs 23,393 crore. On a YoY basis, its cost of funds got reduced by 6 bps to 6.41%. The bank’s CASA stood at Rs 10,817 crore, which is 46% of the total deposits.

On the asset quality front, the gross non-performing assets (GNPAs) have improved to 3.46% in Q3FY23 from 3.82% in Q2FY23 and 4.39% in Q3FY22. The net non-performing assets (NNPAs) stand at 1.73% in Q3FY23 as compared to 1.93% in Q2FY23 and 2.38% in Q3FY22.

Further, in order to strengthen data-led decision-making, the bank has developed a business intelligence unit (BIU) to leverage the power of data analytics to drive superior management reporting, cross-selling, customer engagement, and internal control systems.

Share price movement-

Today, the scrip opened at Rs 69.55 and has touched a high and low of Rs 73.45 and Rs 69.20, respectively. So far 4,27,737 shares have been traded on the bourses. The stock has a 52-week high & low of Rs 73.45 and Rs 37.50 respectively on BSE.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.

JSW Group acquires 35% in MG Motor India, a SAIC subsidiary

On November 30, JSW Group announced a joint venture (JV) with SAIC Motor Corp. Ltd, the parent company of MG Motor India.