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Nomura raises AU Small Finance Bank target price to Rs 980, maintains ‘Neutral’ after Q1
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Nomura raised AU Small Finance Bank target price to Rs 980.
Nomura maintained a ‘Neutral’ rating on the stock after Q1 results.
Adjusted net interest margin (NIM) rose 5 basis points quarter-on-quarter in Q1.
The NIM increase came after adjusting for one-off items in the previous quarter.
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