I-Sec upgrades AU Small Finance Bank to buy; raises target price to Rs 725 Jobbery Stock Market update

ICICI Securities upgrades AU Small Finance Bank to a BUY with a target of Rs 725. Recent performance was affected by high credit costs in microfinance and credit card segments. However, improvements and normalization of credit costs are expected, projecting RoA enhancement to 1.8% by FY27. Current share price correction also influenced the upgrade decision.