India, Aug. 21 -- Riding the broader market momentum, shares of Fino Payments Bank surged 7.7% to INR 277.75 apiece during the early trading hours on the BSE today.

By 12:30 PM, the stock was trading 6.6% higher at INR 274.70 on the BSE, taking the company's market capitalisation to INR 2,286.01 Cr. Around 8.09 Lakh shares had exchanged hands by then.

The stock's uptrend today aligns with the broader Indian indices trading in green, with Sensex closing 0.1% up at 82,000.71 and Nifty 50 closing 0.13% up at 25,083.75.

Today's surge comes a day after the company announced a fresh ESOPs grant and a key leadership addition.

In an exchange filing yesterday, the company said it had granted 89,762 stock options to eligible employees under its...