Read more about Volumes spurt at CRISIL Ltd counter on Business Standard. CRISIL Ltd registered volume of 11276 shares by 10:49 IST on BSE, a 5.88 fold spurt over two-week average daily volume of 1918 shares
Read more about Volumes soar at Spandana Sphoorty Financial Ltd counter on Business Standard. Spandana Sphoorty Financial Ltd recorded volume of 24.73 lakh shares by 14:19 IST on NSE, a 18.97 times surge over two-week average daily volume of 1.30 lakh shares
Read more about Spandana Sphoorty Financial Ltd leads gainers in A group on Business Standard. Snowman Logistics Ltd, Lux Industries Ltd, PNB Housing Finance Ltd and Asahi India Glass Ltd are among the other gainers in the BSE s A group today, 03 June 2021.
Explore Now
ICICI Securities has buy call on Spandana Sphoorty Financial Ltd with a target price of Rs 840. The current market price of Spandana Sphoorty is Rs 567.55.
Spandana Sphoorty Financial Ltd, incorporated in the year 2003, is a Mid Cap company with a market cap of Rs 3649.90 Crore, operating in NBFC sector.
Spandana Sphoorty Financial s key Products/Revenue Segments include Income From Financial Services for the year ending 31-Mar-2020.
Investment Rationale
Company s collections (excluding arrears) fell to 92 per cent in April’21 and 82 per cent in May’21 from 96 per cent in March’21. While lower collections in near-term due to covid second wave pose risk to asset quality (expect credit loss of ~2-3 per cent in FY22), ICICI Securities believe, Spandana’s cost-efficient business model will help it gain industry-leading profitability. Further, the company s diversified operations with ~78 per cent districts, having less than 0.5 per cent exposure per district,
Read more about Tejas Networks Ltd leads losers in A group on Business Standard. Panacea Biotec Ltd, Spandana Sphoorty Financial Ltd, Syngene International Ltd and Jain Irrigation Systems Ltd are among the other losers in the BSE s A group today, 29 April 2021.