Spandana Sphoorty Financial on Saturday announced that its board approved the transfer of stressed loan portfolio to an asset reconstruction company (ARC) for Rs 133 crore.

Spandana Sphoorty board OKs to sell stressed loans for Rs 133 cr

The instrument will have a tenure of 24 months

Spandana Sphoorty to issue NCDs for Rs 125 cr

The board of Spandana Sphoorty Financial on Friday alloted non-convertible debentures having face value of Rs 10 lakh each aggregating up to Rs 300 crore in three rounds.

Spandana Sphoorty board allots NCDs worth Rs 300 cr

Spandana Sphoorty Financial surged 4.64% to Rs 573.10 after company said that its board approved the transfer of stressed loan portfolio for Rs 95 crore on 28 December 2022.

Spandana Sphoorty gains as board OKs to sell stressed loans for Rs 95 cr

Stocks to watch before going into trade today

Stocks To Watch: Wipro, M&M, Ashoka Buildcon, Spandana Sphoorty, Tata Power

Banking, capital goods, metal, oil and gas and IT stocks led the rally on Dalal Street today

Top gainers today: GPT Infra, L&T, CAMS, Spandana Sphoorty rise up to 20%

Spandana Sphoorty Financial said that the company has received a binding bid from an ARC, amounting to Rs 95 crore, for the written-off portfolio with outstanding of Rs 323.08 crore as on 30 September 2022.

Spandana Sphoorty gets Rs 95 crore bid from ARC for stressed assets

The board of Spandana Sphoorty Financial on Wednesday approved issue of non-convertible debentures having face value of Rs 10 lakh each aggregating up to Rs 300 crore in three rounds.

Spandana Sphoorty board OKs 300-cr NCDs issue

Spandana Sphoorty Financial rose 1.59% to Rs 621.45 after the company said that its board will consider and approve the issue and offer of non-convertible debentures on Wednesday, 21 December 2022.

Spandana Sphoorty gains as board to mull NCD issue

Spandana Sphoorty Financial allots NCDs aggregating Rs 202 cr

Stocks to Watch Today: Markets to track Gujarat, Himachal Pradesh assembly results. Shares of rate sensitive sectors to be in focus as RBI policy signals likely further rate hikes.

Stocks to Watch: Auto, Voda Idea, Axis, IDBI Bank, Dabur, Spandana Sphoorty

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

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