India's Equitas Small Finance Bank slides on block deal

Equitas Small Finance Bank

01/08/2023 08:18

** Shares of Equitas Small Finance Bank Ltd  EQUI.NS  fall
as much as 3.3% to 91.6 rupees, on track for its third straight
session of losses
    ** About 5 mln shares of the lender changed hands in a
single block deal at a price of 92.7 rupees a share as of 12:40
p.m. IST - Refinitiv data
    ** Trading volume at ~11.3 mln shares, 1.9x the 30-day avg
of ~6 mln shares as of 12:30 p.m. IST 
    ** Average rating of 16 analysts covering stock equivalent
to 'buy'; median PT is 109 rupees - Refinitiv data
    ** Stock up ~58% YTD 


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))