Fino Payments Bank's stock price up by 12% today

24 Nov 2022 , 11:49 AM

In intraday trade on Thursday, Fino Payments Bank shares rose 13% to Rs 262.70 on the National Stock Exchange (NSE) as a result of high activity. Shares of the  company have increased 36% during the last two trading sessions. Capri Global Holdings Private Limited purchased 1.32 million shares, or 1.59% of the total equity of the firm, on November 23, Wednesday. The NSE data reveals that Capri Global purchased shares in a block transaction at a price of Rs 228.77 per share.

Fino Payments Bank was 10% higher at Rs 253.80 at 10:23 am compared to the Nifty 50’s 0.53 % gain. At the NSE and BSE counters, 4.73 million shares were exchanged in total. On November 12, 2021, Fino Payments Bank had its stock market debut. Despite the recent rapid increase, the stock still trades at a 54% discount to its original issue price of Rs 577 per share. On November 17, 2022, the stock’s price reached an all-time low of Rs 182.55.

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