If You Invested In Equitas Bank Shares Instead Of Its FD 6 Months Back, Here's How Much You'd Have Today

Shares of Equitas Small Finance Bank have been on a dream run at the bourses. Shares of the lender have gone up over 15% in the past month. Just today (May 18), the stock hit a new 52-week high of ₹83.85.

The bank also reported healthy numbers for the March quarter. The lender’s net interest income – the difference between the income a bank makes from its lending activities and the interest it pays to depositors – stood at ₹706.9 crore, up 28% year-on-year.

The bank posted its highest quarterly profit after tax of ₹190 crore in the March quarter, registering a growth of 59% YoY. The company also declared a ₹1/share dividend for the year ended March. This is the first time the bank has announced dividends.

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So, with all this in mind, let’s get to the point, how much money you would have today if you invested in the bank’s shares instead of buying its FD?

Equitas Small Finance Bank offers a 5.25% interest on FDs less than ₹2 crore for a six-month period. So, let's say you invested ₹10,000 in the FD for six months, on maturity you would receive ₹10,525.

Now, if you invested that money in the bank’s shares six months back on Nov. 18, 2022, when the stock closed at ₹53.90, you would have received around 185 shares of the stock. Today, the value of those 185 shares would have surged up to ₹15,512.25, which is an over 55% return on your initial investment.

Price Action: Equitas Bank’s share price was up 0.24% to trade at ₹82.25 in the late hours of trading on Thursday.

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Disclaimer: Benzinga India doesn't give financial advice. The above article is for educational purposes alone.

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Posted In: EducationGeneralEquitas Small Finance BankFDs