Sure Financial institution Shares: 3% rise in Sure Financial institution shares, deposits reached ₹ 2.77 lakh crore in December quarter – INA NEWS

Sure Financial institution Shares: Sure Financial institution shares rose as much as 3 p.c throughout buying and selling on Friday. This rise has come after the financial institution launched a enterprise replace for the December quarter. Sure Financial institution stated within the info despatched to the inventory markets that its deposits elevated by 14.6 p.c to Rs 2.77 lakh crore within the December quarter of the present monetary yr, which was Rs 2.41 lakh crore in the identical quarter final yr. Nevertheless, deposit progress remained flat on a quarterly foundation.

Sure Financial institution’s loans and advances elevated by 12.6 per cent year-on-year to Rs 2.45 lakh crore within the December quarter, in comparison with Rs 2.17 lakh crore in the identical quarter a yr in the past. Whereas on quarterly foundation this progress was 4.2 p.c. CASA (Present Account Saving Account) of this non-public sector financial institution elevated by 27.6 p.c on annual foundation and three.4 p.c on quarterly foundation to Rs 91,575 crore.

On the time of writing, Sure Financial institution shares had been buying and selling at Rs 20.05, up 2.35 per cent on NSE. The very best degree of Sure Financial institution shares in final one yr is Rs 32.85. From this degree until now the inventory has fallen by about 40 p.c.

Speaking concerning the efficiency of Sure Financial institution shares, there was a decline of about 62 p.c within the yr 2022. After this, the inventory fell additional by 23 p.c in 2021. Nevertheless, it made some comeback in 2022 and its value elevated by 50 p.c. However as soon as once more it slowed down in 2023 and this yr it rose solely 4 p.c. Within the yr 2024, its shares remained beneath stress and it declined by about 12 p.c.

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