Minda Corporation Ltd and Mankind Pharma Ltd were two companies where both mutual funds and FPIs upped stakes. MFs upped stake in Mankind Pharma by 102 basis points to 8.57 per cent from 7.55 per cent sequentially.
AU Small Finance Bank said the credit environment continued to remain buoyant during the quarter supported by strong on-ground activity with sustained uptick in demand across businesses.
AU Small Finance Bank on Saturday reported a 17% rise in standalone net profit at Rs 402 crore for the September quarter 2023-24 aided by an improvement in interest income. The Jaipur-based lender had logged a net profit of Rs 343 crore in the year-ago period. Total income rose to Rs 2,957 crore from Rs 2,240 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing.
HDFC Bank is riding high with the reverse merger of parent HDFC Ltd, ICICI Bank is a turnaround story, Axis Bank is building a high-end portfolio, and AU SFB is the most diversified in the small finance pack.