Equitas Holdings up 33% in 2 days on heavy volumes; stock nears 2-year high

Trading volumes on the counter jumped over 6-fold with a combined 18.99 million shares having changed hands on the NSE and BSE till 10:35 am

Shares of Equitas Holdings touched a fresh 52-week high of Rs 124.7 after they rallied 12 per cent on the BSE in the intra-day trade on Thursday. The stock has surged 33 per cent in two days after Equitas Small Finance Bank (SFB) released its business update for June quarter (Q1FY22) on Wednesday. Equitas Holdings held 81.98 per cent stake in Equitas SFB as on March 31, 2021.

At 10:35 am, Equitas Holdings was up 6 per cent at Rs 118.45 as compared to a 0.25 per cent decline in the S&P BSE Sensex. Trading volumes on the counter