Shares of Fino Payments Bank The stock of the fintech company was listed at a premium of about 6 percent today. However, stock market experts are of the opinion that the listing of shares at discounted prices was mainly due to higher valuations and the company’s financials are quite promising in the long term time-horizon.
According to stock market experts, Fino Payments Bank is a fast growing fintech firm and one can keep this stock in their portfolio for a long time. He advised long term investors to buy the counter around 10 per cent below its upper price band and keep depositing the next 10 per cent for the lower levels.
Speaking on Fino Payments Bank share price outlook; Parth Nyati, Founder, Tradingo said, “Fino Payments has made a slow start in the secondary market. As per our expectations, it may remain under pressure post listing due to valuation concerns, competition and regulatory challenges. However, Fino Payments The bank is a fast growing fintech company and one of its kind to be listed on stock exchanges, while its unique DTP network and new edge business model give it an edge.Aggressive investors give it 10-20 per cent But can buy. Long term correction from here.”
Unveiling strategy in Fino Payments Bank shares; Ravi Singhal, Vice Chairman, GCL Securities said, “If Fino Payments Bank share price continues to fall further, one should almost buy. 488 per share level for six month target 566 more maintain stop loss at 620 444. However, if the counter does not see further decline, one can only buy above 625 per share level for six month target Maintaining a stop loss at 777 597 levels.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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