Fino Payments Bank shares climbed 14% on Friday, reaching an intraday high of ₹180.75 and extending a powerful rally that has lifted the stock 39% over the past week.
The sharp upward momentum marks the lender's strongest weekly performance in nearly five years, signaling a potential shift in sentiment for the beaten-down fintech name.
This rally comes after Fino Payments Bank shares hit a 20% upper circuit earlier in the week on news of deposit growth, indicating sustained buying interest.
The surge follows a strong operational update in June, which highlighted robust deposit growth and increased customer engagement.
Investors appear to be rewarding the bank's improving fundamentals, with the recent price action reflecting growing confidence in its ability to stabilize and grow its user base.
The stock remains down 34% year-to-date, but the recent rebound suggests a possible bottoming process for the equity.
This rally comes after Fino Payments Bank shares hit a 20% upper circuit earlier in the week on news of deposit growth, indicating sustained buying interest.