PB Fintech rallies 6% amid bulk deal buzz
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Synopsis
According to NSE data National Stock Exchange (NSE), 61.19 lakh shares worth Rs 291.46 crore were traded as of 11.30 am. On BSE, 3.57 lakh shares amounting to Rs 17.07 crore exchanged hands, but block deal data is yet to come.
As per a Tweet from ETNow, around 2.3 crore shares or 5.1% equity of PB Fintech was traded on Monday in two block deals. However, ETmarkets.com could not verify the same.
According to NSE data National Stock Exchange (NSE), 61.19 lakh shares worth Rs 291.46 crore were traded as of 11.30 am. On BSE, 3.57 lakh shares amounting to Rs 17.07 crore exchanged hands, but block deal data is yet to come.
Following this, shares of PB Fintech jumped about 6% to Rs 488.90 on Friday and then gave up some gains.
Stocks Recommendations
Citigroup is the sole book runner for the entire issue of PB Fintech, whose shares have lost more than 70% of their value from its 52-week high.