Equitas SFB share price today: The Equitas SFB stock closed at Rs 111.50 on Thursday, up 0.63 per cent on BSE. The scrip is up 21.15 per cent in the last six months and 88.17 per cent in the last one year.
Equitas Small Finance Bank stock has surged nearly 78 percent YTD, massively outperforming benchmark Nifty 50 which has risen 15 percent during this period.
When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working, But there is another set of companies which might have a better insight on how the rural and even semi urban part of the economy are doing. Both because they work in this part of the country and also because of the fact of lending in those businesses which operate in the area. Despite all the headwinds, these small finance banks have been able to grow, the reason, the overall demand matrix of demand of capital in rural areas at a cost which is better than existing sources.
The bank s net interest margin however fell to 8.43% from 9% in the year ago quarter. Net interest income grew 26% year-on-year at Rs 766 crore while other income rose 25% to Rs 181 crore.