Equitas Small Finance Bank Ltd share price logo

Equitas Small Finance Bank Ltd Share Price (EQUITASBNK)

₹99.650.1%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Equitas Small Finance Bank Ltd

Key events for Equitas Small Finance Bank Ltd

  • Equitas Small Finance Bank Reports Strong Q3FY24 Results - 29 Feb, 2024

    Equitas Small Finance Bank reported a Net Interest Margin of 9.01% and a CASA Ratio of 46.24%. Its total income from operations grew by 34.39%, accompanied by increasing profits of Rs. 170.12 Crores to Rs. 202 Crores.

  • Equitas Small Finance Bank Reports Strong Q3FY24 Results - 27 Feb, 2024

    Equitas Small Finance Bank's total income from operations grew by 34.39% to Rs. 1,634.27 Crores in Q3FY24, with profits increasing from Rs. 170.12 Crores to Rs. 202 Crores. HDFC Group holds a 7.38% stake in the company.

  • Equitas Small Finance Bank Partners with Chennai Super Kings - 19 Feb, 2024

    Equitas Small Finance Bank has announced its partnership as the official banking partner with Chennai Super Kings. The bank aims to expand its footprint and extend its services for both customers and cricket enthusiasts.

  • Equitas Small Finance Bank Launches Circle of Life Campaign - 09 Feb, 2024

    Equitas Small Finance Bank has launched the Circle of Life campaign, featuring the journey of Virumandi. The video showcases his resilience and determination in overcoming financial setbacks with the help of Equitas SFB's financial support. The campaign highlights the bank's commitment to empowering individuals to achieve their dreams and actualize financial inclusion.

  • Equitas Small Finance Bank Targets 25% Credit Growth - 05 Feb, 2024

    Equitas Small Finance Bank aims to achieve a credit growth of 25% in the coming quarters, driven by its size and unrealized demand. The bank's net interest margin has dropped half a percentage point due to high-interest rates, but it expects to maintain an NIM of 8.5% for FY24.

  • Equitas Small Finance Bank Sustains Earnings Trajectory - 02 Feb, 2024

    Despite credit cost normalizing to 100 basis points, Equitas Small Finance Bank sustained its earning trajectory with a return of assets of ~2% for the fifth consecutive quarter. Management believes the rise in credit cost during Q3 FY24 is transitory and portfolio quality continued to be robust. The bank's net interest margin fell by 6 bps to 8.37% in Q3 FY24 due to an intent to improve liquidity by increasing CD ratio.

Analyst Rating for Equitas Small Finance Bank Ltd stock

based on 15 analysts

BUY
80.00%
Buy
13.33%
Hold
6.67%
Sell

Based on 15 analysts offering long term price targets for Equitas Small Finance Bank Ltd. An average target of ₹119.8

Source: S&P Global Market Intelligence

Equitas Small Finance Bank Ltd share Performance

  • ₹99.25
    ₹101.9
    ₹99.65
    downward going graph

    0.40%

    Downside

    Day's Volatility:2.66%

    Upside

    2.26%

    downward going graph
  • ₹61.3
    ₹116.5
    ₹99.65
    downward going graph

    38.48%

    Downside

    52 Weeks Volatility:55.39%

    Upside

    16.91%

    downward going graph
1 Month Return-5.91 %
3 Month Return7.22 %
1 Year Return36.93 %
Previous Close₹99.55
Open₹100.05
Volume32.40L
Market Cap₹11,287.76Cr

Equitas Small Finance Bank Ltd Company Information

Equitas Small Finance Bank Limited (ESFBL) is one of the largest small finance banks in India, with a firmly entrenched strategy to focus on providing credit to the unbanked and underbanked micro and small entrepreneurs. Serving individuals with limited access to formal financing channels, micro, small and medium enterprises (MSMEs) and corporates, ESFBL offers a range of asset and liability products and services. From small business loans, microfinance to joint liability groups, commercial vehicle loans and micro enterprise loans, to current accounts, salary accounts, savings accounts and a variety of deposit accounts, and the provison of ATM-cum-debit cards, third party insurance, mutual fund products and issuance of FASTag, ESFBL meets the needs of customers all across 15 States/Union Territories, with 853 locations and 322 ATMs and cash recyclers. In 2021, ESFBL approved a Scheme of Amalgamation between ESFBL and Equitas Holding Limited which led to a raise of Rs. 250 crore through private placement to IIFL AIF - resulting in a 4.51% stake in post-issue paid-up share capital, and Rs. 550 crore raised through a Qualified Institutions Placement QIP - bringing the bank up to Minimum Public Shareholding regulation requirements. These initiatives have allowed ESFBL to provide banking and digital solutions, with transactions through retail internet banking amounting to Rs. 3,802 crores in 2020. This new-age bank is firmly committed to the unbanked and underbanked as it continues to fulfill its purpose of advancing financial inclusion and enabling economic growth in India.

Share Price: ₹99.65 per share as on 29 Feb, 2024 04:01 PM
Market Capitalisation: ₹11,287.76Cr as of today
Listing date: 02 Nov, 2020
Chairperson Name: Arun Ramanathan
OrganisationEquitas Small Finance Bank Ltd
Headquarters
IndustryBanks
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Fundamentals of Equitas Small Finance Bank Ltd

Insights on Equitas Small Finance Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 18.16% to 19.60% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 36.26% to 38.69% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, EQUITASBNK has outperformed top 5 stocks with highest market-cap in Banks

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 38.4% return, outperforming this stock by 1.4%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 37.91% to 34.75% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, EQUITASBNK stock has moved down by -4.5%

Equitas Small Finance Bank Ltd Mutual Fund Holdings

Funds Holdings
HDFC Small Cap Fund-Direct Growth OptionHDFC Small Cap Fund-Direct Growth Option2.08%
Franklin India Smaller Companies Fund Direct GrowthFranklin India Smaller Companies Fund Direct Growth4.21%
SBI Long Term Equity Fund Direct GrowthSBI Long Term Equity Fund Direct Growth1.57%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth1.32%
Franklin India Prima Fund Direct GrowthFranklin India Prima Fund Direct Growth2.43%

Equitas Small Finance Bank Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
0%
0.00
Foreign Institutions
19.6%
7.96
Mutual Funds
38.69%
6.70
Retail Investors
34.75%
-8.35
Others
6.96%
-9.22

Technicals of Equitas Small Finance Bank Ltd share

News & Events of Equitas Small Finance Bank Ltd

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Equitas Small Finance Bank Ltd (EQUITASBNK) share price today is ₹99.65

Equitas Small Finance Bank Ltd is listed on NSE

Equitas Small Finance Bank Ltd is listed on BSE

  • Today’s highest price of Equitas Small Finance Bank Ltd is ₹101.9.
  • Today’s lowest price of Equitas Small Finance Bank Ltd is ₹99.25.

Today’s traded volume of Equitas Small Finance Bank Ltd(EQUITASBNK) is 32.40L.

Today’s market capitalisation of Equitas Small Finance Bank Ltd(EQUITASBNK) is ₹11287.76Cr.

Equitas Small Finance Bank Ltd(EQUITASBNKPrice
52 Week High
₹116.5
52 Week Low
₹61.3

Equitas Small Finance Bank Ltd(EQUITASBNK) share price is ₹99.65. It is down -14.46% from its 52 Week High price of ₹116.5

Equitas Small Finance Bank Ltd(EQUITASBNK) share price is ₹99.65. It is up 62.56% from its 52 Week Low price of ₹61.3

Equitas Small Finance Bank Ltd(EQUITASBNKReturns
1 Day Returns
0.1%
1 Month Returns
-5.91%
3 Month Returns
7.22%
1 Year Returns
36.93%