Stock of this beaten down fintech company zoomed 20% today on heavy volumes

Shares of Fino Payments Bank were locked in 20 per cent upper circuit at Rs 230.70 in Wednesday's intra-day trade

Shares of Fino Payments Bank were locked in the 20-per cent upper circuit at Rs 230.70 per share in Wednesday's trade amid heavy volumes. The average trading volumes on the counter jumped over three-fold as around 4.73 million shares changed hands on the NSE and BSE.

Fino Payments Bank made a stock market debut on November 12, 2021. Despite of Wednesday's sharp rally, the stock traded 60 per cent below its issue price of Rs 577 per share. Earlier, it hit all-time low of Rs 182.55 on November 17, 2022.

Fino Payments Bank is a wholly owned subsidiary of