Fusion hits highest level since debut; soars 29% from listing day low

On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'

Shares of Fusion Micro Finance (Fusion) surged 6 per cent to hit a record high of Rs 415 on the BSE in Wednesday’s intra-day trade due to a stable outlook.

The stock of the microfinance institution has recovered 29 per cent from its low of Rs 321.40, touched on its listing day, November 15, 2022.

At the time of this report, it was trading 13 per cent higher against the issue price of Rs 368 per share. The stock had made a weak debut, listing at Rs 324.90, down 12 per cent from its issue price.

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