Know If AU Bank Share is Great For Long Term

Searching for the next reliable stock for your investment portfolio? Shares of AU Small Finance Bank could be a worthy addition. Our net profit for the full year FY22 stood at INR 1,130 Crore.

We also announced a 1:1 issuance of bonus shares to reward retail shareholders for celebrating the successful completion of 5 years in banking operations. Further, for the year ended March 2022, our board recommended a dividend of INR 1/- per share (pre-bonus issue). Let's take a look at what makes AU Bank share a great long-term bet.

Founded in Jaipur, AU Small Finance Bank is a scheduled commercial bank. Earlier established as AU Financiers, a non-deposit accepting vehicle finance company, in 1996, it got converted into a commercial bank in 2017.

As of March 2022, we have opened 39 new touchpoints taking its total network to 900+ touchpoints serving 27.5 lakh customers. Our net worth stands at INR 7,514 Crore, deposit base of INR 52,585 Crore, and Assets Under Management (AUM) of INR 47,831 Crore.

Let's know more about AU Bank share price, reasons to purchase, price forecast, and more:

Before investing in AU Small Finance Bank shares, it also makes sense to closely analyze the shareholding pattern of the company. Here's the shareholding pattern of AU Bank as of March 2020

As of 12^th May 2022, our share price is INR 1275.20

What is our share price target at top Indian brokerage houses and advisory firms? Take a look:

Here are some of the top reasons why you should consider purchasing our shares:

• We are a fundamentally strong company that has consistently rewarded investors over the years.
• Our March 2022 quarter net profit grew 105% year-on-year (YoY) to INR 346 crores compared to March 2021 quarter.
• Assets Under Management (AUM) also witnessed excellent growth of 27% YoY.
• More than 1 lakh Savings Accounts have been opened digitally via Video Banking since its launch early this year.
• We issued 1.7 Lac+ Credit Cards.
• Our digital services, including Video Banking, AU 0101, UPI QR, Credit Cards, etc., continue to see a strong impetus.

Most top brokers and advisory firms are optimistic about our share price forecast.

Planning to invest in AU Bank shares? As we are listed on BSE and NSE (AUBANK), you can easily purchase our shares through your Demat account. Once purchased through the trading account, the shares will be transferred to your Demat account within 1-2 trading days. After receiving the shares, you can hold or sell them at your desired price.

If you're looking to build a long-term portfolio and searching for reliable stocks with excellent potential, AU Bank is a worthy contender.

You can check the AU Bank share price on NSE and BSE and analyze it against the fundamentals of the company to select your entry point and purchase stocks that will add more stability to your portfolio.