India's Suryoday Small Finance Bank surges to four-month high

Suryoday Small Finance Bank

04/05/2023 07:40

** Shares of Suryoday Small Finance Bank Ltd  SURO.NS  jump
as much as 16.57% to 118.90 rupees, hitting a four-month high;
most intraday gains in 13 months
    ** Stock is most active in five months, with trading volume
of 4.45 mln shares as of 11:58 a.m. IST, nearly 10 times the
30-day avg
    ** Relative strength of the commercial bank's stock is 75,
suggesting it may be overbought - Refinitiv data
    ** On Wednesday, Jhelum Investment Fund I sold 541,841
shares of SURO at 102.09 rupees apiece, according to NSE bulk
deal data; stock rose 0.3% in previous session    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))