Fino Payments Bank Shares Zoom 45% in 5 Days; Know What's Fueling the Rally
News 18Shares of Fino Payments Bank Ltd have rallied more than 14 per cent to Rs 264 apiece on the BSE in Thursday’s early trading session. As per the block deal data on the NSE, Capri Global Holdings Private Limited bought 1.32 million shares representing 1.59% of the total equity of Fino Payments Bank at price of ₹228.77 per share via open market deals on Wednesday, November, 23, 2022. The exchanges sought clarification in respect of significant increase in volume of shares of Fino Payments Bank Limited across Exchanges, in the recent past, to which the bank on Wednesday responded “in this regard, we wish to inform that there is no undisclosed information and/or announcement which in our opinion may have a bearing on the Price/Volume behaviour of the Bank’s Scrip. Domestic brokerage ICICI Securities has a buy rating on Fino Payments Bank with a target price of Rs 325, suggesting there is more steam left in the counter.
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