India's Suryoday Small Finance Bank gains after promoter raises stake

Suryoday Small Finance Bank

18/03/2025 06:54

** Shares of Suryoday Small Finance Bank SURO.NS rise 3.8% to 102.58 rupees

** The bank's promoter, MD and CEO Baskar Babu Ramachandran, acquired 150,000 shares from open market

** The promoter group holding in bank increased to 22.44% from 22.30%

** Trading vols at 437,377 shares, 1.4x the 30-day average

** Stock set to snap a five-session losing streak

** SURO stock down ~24% in 2025

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))