DSIJ Mindshare

Overall, the market sentiment appeared positive as 1048 stocks were advancing compared to 792 stocks declining. This suggests a generally optimistic outlook in the broader market.

Shares of the company gained more than 300 per cent in the last six months.

The company has a market cap of over Rs 3,000 crore. The stock has an ROE of 42.93 per cent and a ROCE of 37.08 per cent. The promoters of the company have increased their stake by 12.6 per cent over the last quarter.

Ace investor Mukul Mahavir Agarwal holds an impressive 2.83 per cent stake in the company, according to the latest shareholding pattern of the quarter ended June 2023. Furthermore, the small finance bank has ambitious growth targets, aiming for a 30 per cent increase in gross advances

The stock saw a spurt in volume by 1.85 times on BSE.