Momentum Pick: 8-16% upside potential seen in AU Small Finance Bank

“The bank has demonstrated its ability to execute and deliver a strong performance. Accelerated investments to uplift the franchise to sustain growth and expand more streams of revenue and activities, with the eventual goal of becoming a universal bank. The objective is to maintain a strong credit filter, granular growth in assets and liability along with sustaining stable spreads, all of which should bode well for future earnings growth,” Sharekhan said in a report.

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