“In financials, from top down, we are positive on NBFCs and also on the MFIs, in which space we like both the Home First Finance and the Spandana Sphoorty. We broadly feel that the NIM expansion trend is possible in this segment, coupled with the strong growth in the lending book. That is the broad…

Pramod Amthe has a reduce on InterGlobe Aviation. Here’s why

SSFL’s Q1FY24 results show strong performance with PAT of ₹119.5cr, credit costs down to 40bps, NII up 9% QoQ, and margins expanding 30bps. We maintain BUY with target of ₹934 on FY25 BVPS of ₹584, P/BVPS of 1.6x. Expect strong FY25 RoA/RoE of 4.1/14.8%, CAGR of 32% in AUM. Strategic initiatives t…

Broker’s Call: Spandana Sphoorty (Buy)

Spandana Sphoorty Finance Ltd.’s stocks went up by 3 per cent after businessline reported that YES Bank had been actively considering acquiring a stake in the company. Talks are reportedly ongoing between YES Bank and private equity firm Kedaara Capital.

Spandana Sphoorty shares surge amid acquisition talks

Buzzing stocks of Automobile cos, Maruti Suzuki, Spandana Sphoorty, Bandhan Bank PowerGrid, RVNL, Easemytrip, South Indian Bank, Anupam Rasayan, Aptus Value, Cholamandalam Finance, Escorts, GMDC, Godrej Agro, TTK Health, Tracxn Tech, TBZFredun Pharma, Shilpa Medicare, Greenply, Navin Fluorine, Canta…

Stocks to watch on August 1, 2023

Promoter Padmaja Gangireddy has sold 12.5 lakh equity shares or 1.76 percent stake in Spandana Sphoorty Financial at an average price of Rs 830.15 per share.

Societe Generale buys Bandhan Bank shares worth Rs 382 crore, Goldman Sachs picks 1.2% stake in Spandana Sphoorty

Spandana Sphoorty Financial stock fell 4.11% on BSE, after announcing a profit of Rs 119 crore in Q1FY24. Asset quality improved from 18.7% to 1.63%. The MFI is expanding its presence and extending LAP & housing products to new geographies to achieve Vision 2025 goals of Rs 15,000 crore micro financ…

Spandana Sphoorty shares lose 4.11 per cent

Spandana Sphoorty’s shares lose 4.11 per cent

Broker’s call: Spandana Sphoorty

ICICI Securities is bullish on Spandana Sphoorty recommended buy rating on the stock with a target price of Rs 815 in its research report dated July 06, 2023.

Buy Spandana Sphoorty; target of Rs 815: ICICI Securities

Spandana Sphoorty Financial said it will continue to comply with all disclosure and other obligations under all laws as and when they become applicable.

YES Bank, Spandana Sphoorty exploring M&A deal? Spandana shares its views

Spandana Sphoorty Financial Ltd has given a return of 17.45 percent in the last six months, outperforming the Nifty50 benchmark index by a considerable margin as the benchmark Nifty50 index has given a return of 1.77 percent over the same duration.

Spandana Sphoorty dismisses reports of sale to Yes Bank, calls them ‘speculative’

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

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

Spandana Sphoorty Financial is engaged in the business of micro finance