The Fino Payments Bank share price has seen an upward trend in the last twelve months.
After the FSN E-Commerce Venture, the Nykka and the Nykka Fashion operator as Initial Public Offering the Fino Payment’s Bank is the second IPO. Opening the public issue subscription, the Fintech bank is offering its share to the general market, and in this article, we discuss the trends you need to know before subscribing to it.
The Fino Payments Bank is an initial public offering by the Fintech company. As the bank opens the door to acquire its subscriptions this week after the board meeting held on the 31st of January 2024, it is important to know and analyze the trend of the share prices before deciding whether you should invest in it or not.
What is the current share price?
The current share price for Fino Payments Bank stands at Rs. 309.75 as of 2nd of February 2024 at 4:05 PM IST. This share price for the bank was down by 4.18% as compared to the previous share price of RS. 329.8 as was earlier. It is important to know the overall trend of the share prices to make an investment in the upcoming subscription calls. You can compare the share prices of Payments Bank with its peers like Yatra Online Ltd., etc.
If we analyze the trend as seen for the last twelve months of the share prices of the bank we can see an upward trend as follows:
- For the last 12 months- the share price for the Fino Payments bank increased by 26.84% overall
- For the last 3 months,- Fino Payments Bank’s share price saw an up by 6.30%
- In the last 1 month- the share prices for the Fino Payments Bank were moved up by 16.49%
The highest share price of the Fino Payments Bank went up to RS 379.50 in the last fifty-two weeks and saw the lowest price of Rs. 191.20. This gives you an idea as to the state of the share prices of the Payments Bank and an insight on what the upcoming trend might be.
How to analyze the stock of the Fino Payments Bank?
The easiest methods for analyzing the stocks of the Fino Payments Bank before making any decision is through two methods which are as follows:
- Stock’s PE, which is 31.02
- EPS of the Bank’s share has trailed through eh 12 month time mark, which is 9.99
As owned by Promoter, DII, and FII with 75.0, 6.83, and 5.57 shares of the Fino Payments Bank respectively as of 31st of December 2023, the bank has not seen any change in the holding of promoters from 30th of September 2023. The domestic and international institutional investor holding of the bank has gone down but the other investor holding has gone up from the period 30th of September 2023 to 31st of December 2023.
