Suryoday Small Finance Bank Sees 7% Surge as CEO Invests ₹50 Lakh in Shares
2025-03-18
CNBCTV18
Suryoday Small Finance Bank's stock price jumped 7% after its Promoter and Managing Director & CEO, Ramachandran, bought 1,50,000 equity shares from the open market, worth ₹50 lakh, in a move that reflects his confidence in the bank's growth prospects and financial stability. This development is likely to boost investor sentiment and attract more buyers, potentially leading to a further increase in the bank's stock price. With this investment, Ramachandran has demonstrated his commitment to the bank's success, which may lead to improved financial performance and increased market share in the small finance bank sector, driving growth in the Indian banking industry.
