AU small financial bank share prices jumped more than 6 percent in the morning session on January 5 with stocks getting more than 15 percent in the last five days.

Stock traded at Rs 1,169.60, up 74.95, or 6.85 percent. It has touched the highest intraday Rs 1,179.50 and Low intraday Rs 1,120. The scrip was traded with a volume of 57,080 shares, compared with an average of five days 40,139 its shares, increased by 42.21 percent.

Global Research and Broking Firm Morgan Stanley has ‘overweight’ calls on stocks with targets at 1,500 per share, reversed more than 28 percent of the current level. The research company believes that the growth of the third quarterly aum is helped by growth in disbursement of 36 percent, adding that billing efficiency remains strong without restructuring during that period.

Domestic Research and Broking Motilal Oswal Firm has maintained a ‘buy’ call on stocks with RS 1,400 target per share. According to research companies, banks posted strong growth in progress, led by strong disbursement, due to the overall increase in the business environment.

The growth of deposits also remains strong, led by strong CASA growth, resulting in further increase in the CASA ratio. In the asset quality fronts, the gathering efficiency remains strong (more than 100 percent), which tends to produce an increase in asset quality ratios, providing further comfort.

“We maintain our ‘buy’ rating with a target of Rs 1,400 per share (4.6x Sep’23e BV),” he added.