The weak listing of Suryoday Small Finance Bank (SFB, CMP: Rs 278) did not come as a surprise to us. Even before the subdued oversubscription (2.37 times), we had advised our investors that this is not a stock for listing gain but a business to own for the long term and should be added in the event of weakness in the secondary market. The stock listed at a discount of 4.4 per cent and had a weak day before closing...
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