Equitas Small Finance Bank hits fresh 52-week high; stock up 38% in a month

On February 8, the board approved allotment of 789.5 million equity shares (swap ratio at 231:100) of Equitas SFB to the eligible shareholders of the erstwhile Equitas Holdings.

Shares of Equitas Small Finance Bank (SFB) gained nearly 3 per cent to hit a fresh 52-week high of Rs 73.48 in Wednesday’s intra-day trade. In the past one month, the stock of small finance bank zoomed 38 per cent, as against 0.55 per cent decline in the S&P BSE Sensex. It quoted close to its record high level of Rs 77, which it had touched on July 12, 2021.

As a new-age bank, Equitas SFB offers a bouquet of products and services tailored to meet the needs of individuals with limited access to formal financing channels, as well