India, March 7 -- Shares of Fino Payments Bank surged as much as 9% to INR 220.45 during the intraday trading session on the BSE today (March 7).

Today's rally came two days after the company's board approved an allotment of 4,100 equity shares under its employee stock option plan (ESOP)

By 12:30 AM, the stock was still going strong, trading 6.83% higher at INR 215.95. At this price, the company's market capitalisation stood at INR 21,546.14 Cr, with a trading volume of 20 lakh shares.

Despite today's rally, the stock remains down over 33.69% year-to-date and has dropped 33.95% in the past year at its current price. The stock is also at a downside of 56.65% from its 52-week high mark of INR 466.40 reported in September last year .

Thi...