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.

Arman Financial Services Ltd leads losers in ‘A’ group

Vindhya Telelinks Ltd, Asian Granito India Ltd, Hindustan Oil Exploration Company Ltd and Neogen Chemicals Ltd are among the other gainers in the BSE’s ‘A’ group today, 08 September 2021.

Arman Financial Services Ltd leads gainers in ‘A’ group

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Arman Financial Services Limited (AFSL) is an asset finance company (AFC), which is engaged in providing microfinance and financing the purchase of two- and three-wheelers. 

Arman Financial Services Ltd