Suryoday Small Finance Bank

In 30st March 2021, Suryoday small finance bank got listed at Rs. 330, however the price got corrected at Rs. 90 in a span of one and half year due to non-performance of the bank. Though, owing to improved financials, the share is trading at Rs. 185. During Q1 FY24, performance has improved as listed below. Hence, as of now we recommend to hold the share.