Equitas SFB hits highest level since listing, zooms 71% against issue price

In the past three days, the stock has surged 20 per cent after rating agency CRISIL re-affirmed the ratings on the bank facility and debt instruments of Equitas SFB

Shares Equitas Small Finance Bank (SFB), on Thursday, rallied 14 per cent to Rs 56.50, its highest level since listing, on the BSE in intra-day trade on the back of heavy volumes. The bank made its stock market debut on November 2, 2020. With today’s rally, the stock has surged 71 per cent against the issue price of Rs 33 per share.

The trading volumes on the counter jumped 1.6 times in the first half-an-hour of trade with a combined 3.6 million equity shares changing hands on the NSE and BSE, till 09:41 am. Currently, the stock was trading