India's Suryoday Small Finance Bank surges on Q4 update

Neostellar Capital

04/04/2024 06:04

** Shares of Suryoday Small Finance Bank  SURO.BO  up 11.8%
    ** Stock rose as much as 13.8% to 190.9 rupees 
    ** The bank said its Q4 gross advances grew 41% Y/Y, and
total deposits rose 50% Y/Y
    ** Stock on track for a fourth consecutive session of gains,
if trend holds 
    ** SURO up 16.4% for the week, poised to snap five straight
weekly losses
    ** More than 290,000 shares change hands by 10:30 a.m. IST,
3.1x the 30-day avg
    ** Including session's gain, stock is up 19.7% YTD 


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))