Tata Tech from the midcap index and Equitas SFB, Kolte Patil Developers, Landmark Cars, Nilkmal, Spandana Sphoorty and Tasty Bite from the smallcap index hit their respective 52-week lows

Mid, SmallCap indices dip 4% each; LIC Housing, IRFC, CG Power tank over 5%

Spandana Sphoorty faced challenges in Q1 but expects improved collections, strong profitability, and growth in the medium term.

Broker’s call: Spandana Sphoorty (Buy)

Spandana Sphoorty target price: Nuvama has cut its FY25 and FY25 EPS estimates sharply for Spandana Sphoorty Financial and suggested a revised target price of Rs 900 per share for the MFI.

Stock to buy? Spandana Sphoorty Financial shares down 41% in 2024; analysts say this

Spandana Sphoorty Financial approves issuance of NCDs up to Rs 150 cr

Microfinance company Spandana Sphoorty Financial has halted acquiring new-to-credit customers and stopped onboarding new clients in 14% of its branches due to increased delinquencies and asset quality concerns.

Spandana Sphoorty Financial stops adding new-to-credit customers

The challenges faced during the quarter were reflected by elevated delinquencies and higher credit costs

Spandana Sphoorty slips 8%, hits 52-week low on disappointing Q1 results

Equitas Small Finance Bank Ltd, Laxmi Organic Industries Ltd, Latent View Analytics Ltd and Ashoka Buildcon Ltd are among the other losers in the BSE’s ‘A’ group today, 29 July 2024.

Spandana Sphoorty Financial Ltd leads losers in ‘A’ group

Heat wave, Lok Sabha polls hit collections, asset quality in Q1

Spandana Sphoorty stops onboarding customers with no prior credit history

“The first quarter of the fiscal was a challenging one for the company. The long drawn seven phase general elections, severe heat wave across the country and higher attrition in select geographies posed a challenge to the quality of the portfolio,” managing director Shalabh Saxena said.

Spandana Sphoorty Financial Q1 results: Net profit falls 53% yoy to Rs 55.7 crore

Spandana Sphoorty Financial consolidated net profit declines 53.36% in the June 2024 quarter

Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Organics, NTPC, Genus Power, Gujarat Cotex among others will also declare their June quarter results.

Q1 results today: ICICI Bank, Dr Reddy’s among 34 companies to announce earnings on Saturday

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

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

Spandana Sphoorty Financial Ltd

With a market cap of ₹4,180 cr, stock is ranked 840

Spandana Sphoorty Financial Ltd

Spandana Sphoorty Financial Ltd

Scorecard

News & Opinions

Mid, SmallCap indices dip 4% each; LIC Housing, IRFC, CG Power tank over 5%

Broker’s call: Spandana Sphoorty (Buy)

Stock to buy? Spandana Sphoorty Financial shares down 41% in 2024; analysts say this

Spandana Sphoorty Financial approves issuance of NCDs up to Rs 150 cr

Spandana Sphoorty Financial stops adding new-to-credit customers

Spandana Sphoorty slips 8%, hits 52-week low on disappointing Q1 results

Spandana Sphoorty Financial Ltd leads losers in ‘A’ group