HDFC Mutual Fund raises stake in AU Small Finance Bank; stock rebounds
HDFC Mutual Fund increased its stake in AU Small Finance Bank to 5.52%, acquiring over 50 lakh shares. The stock rebounded after the announcement, despite a year-to-date decline. The bank reported a 41% rise in net profit for Q3 FY25 but noted slight deterioration in asset quality.
HDFC Mutual Fund increased its stake in AU Small Finance Bank to 5.52%, acquiring over 50 lakh shares. The stock rebounded after the announcement, despite a year-to-date decline. The bank reported a 41% rise in net profit for Q3 FY25 but noted slight deterioration in asset quality.
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