Fino Payments Bank Stock Surges 10% on Strong Lending Growth Claims

Fino Payments Bank's stock hit the upper circuit limit today, surging 9.99% to ₹122.75, a sharp reversal after being locked at the lower circuit in the previous trading session. The dramatic price movement follows the company's claim of robust growth in its referral lending operations for the current fourth quarter of FY26. According to a press statement, disbursements have already reached ₹540 crore this quarter, with an expectation to close at ₹630 crore—nearly 90% of the total ₹700 crore disbursed in the first nine months of the fiscal year.

The company, which has a market capitalization of approximately ₹1,021.51 crore, attributes this spike to increased demand, particularly from rural and semi-urban markets. For the full fiscal year, Fino anticipates total disbursements to approach ₹1,300 crore. This projection frames the recent quarter's performance as a significant acceleration in its core lending referral business.

The volatile trading pattern underscores the market's reactive sensitivity to Fino's operational updates. While the claimed growth figures provide a positive narrative, the stock's extreme swings—from lower to upper circuit in consecutive sessions—highlight the ongoing scrutiny and pressure on the company to demonstrate sustainable performance and stabilize investor confidence in a competitive payments banking sector.