In one month, the stock has fallen 22.6% as compared to a 4.2% fall in Nifty 50 index.
Shares of Fino Payments Bank entered the bourses on 12 November 2021. It was listed at Rs 548, a discount of 5.03% to the issue price of Rs 577. The stock now trades 46% below its issue price.
Fino Payments Bank is a fintech company offering a diverse range of financial products and services that are primarily digital and have payments focus. It offers such products and services to target markets via a pan-India distribution network and proprietary technologies.
The bank reported a net profit of Rs 14.1 crore on a total income of Rs 275 crore in quarter ended December 2021.
