The shares of Utkarsh Small Finance Bank rallied nearly 20 percent on October 24 after the company announced that it has allotted more than 5.71 crore shares to ace investor Madhusudan Kela’s fund house Cohesion MK Best Ideas Sub-Trust as part of its rights issue.
The shares hit an intraday high of Rs 22.02 apiece in the afternoon trading hours.
While Cohesion MK Best Ideas Sub-Trust was allotted the most number of shares as part of the rights issue, here are the other top investors:
Utkarsh Small Finance Bank share price history:
The stock has gained nearly 22 percent in the past five days, and around 18 percent in the past one month. The shares of the small finance bank however fell around 2 percent in the past six months, and around 25 percent in 2025 so far.
Utkarsh Small Finance Bank shares had made a strong listing in July 2023, listing with a premium of 60 percent over its IPO price at Rs 40 per share. The stock is currently more than 45 percent lower than its listing price. It is however 10 percent higher than its IPO price of Rs 20 per share.
Also read: Our LIVE blog on stock market updates
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
