Arman Financial Consolidated December 2022 Net Sales at Rs 101.62 crore, up 75.91% Y-o-Y

The company stated that investors who are not promoters will be given preferential treatment in the allocation of 6,24,388 Unsecured Compulsorily Convertible Debentures.

Arman Financial raises Rs115 crore via preferential issue; stock rises ~2%

Arman Financial Services advanced 1.86% to Rs 1,319.75 after the NBFC announced that the board of directors has approved the allotment of securities worth Rs 115 crore to marquee investors on a preferential basis.

Arman Financial rises as board approves preferential issue

Board of Arman Financial Services approves issuance of securities

"Arman Financial Services has been very strong in last few trading sessions and has been outperforming its peers. The stock witnessed a breakout from triangle pattern on daily charts at 1200 with considerable volumes," Gaurav Bissa, VP, InCred Equities, said.

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Stock Radar: Buy Arman Financial for a target of Rs 1400 in next 2 weeks, recommends Gaurav Bissa

Arman Financial Services jumped 7.44% to Rs 1228.85 after the company said it delivered solid post-pandemic performance aided by improved asset quality.

Arman Financial vaults on strong business update

Arman Financial Consolidated December 2021 Net Sales at Rs 57.77 crore, up 22.38% Y-o-Y

Arman Financial Services consolidated net profit rises 140.41% in the December 2021 quarter

Consequent to the above allotment, the equity share capital of the Company stands increased to 84,91,584 equity shares of Rs. 10/- each aggregating to Rs. 8,49,15,840/-.

Arman Financial Services allots 3,200 equity shares under ESOP

SBI Life Insurance Company Ltd, Sadbhav Engineering Ltd, Neogen Chemicals Ltd and MOIL Ltd are among the other losers in the BSE’s ‘A’ group today, 09 September 2021.