TVS Motor Company Ltd saw volume of 354.33 lakh shares by 14:19 IST on NSE, a 22.11 fold spurt over two-week average daily volume of 16.03 lakh shares
Spandana Sphoorty Financial Ltd, EPL Ltd, Gujarat Ambuja Exports Ltd, Bharat Rasayan Ltd are among the other stocks to see a surge in volumes on NSE today, 28 April 2021.
TVS Motor Company Ltd saw volume of 354.33 lakh shares by 14:19 IST on NSE, a 22.11 fold spurt over two-week average daily volume of 16.03 lakh shares. The stock increased 13.11% to Rs.640.55. Volumes stood at 27.43 lakh shares in the last session.
Spandana Sphoorty Financial Ltd clocked volume of 5.52 lakh shares by 14:19 IST on NSE, a 14.41 times surge over two-week average daily volume of 38298 shares. The stock gained 15.16% to Rs.616.05. Volumes stood at 17690 shares in the last session.
BF Investment Ltd leads gainers in A group business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
MFI Spandana Sphoorty to buy Criss Financial for Rs 50 cr ANI | Updated: Mar 11, 2021 15:12 IST
Hyderabad (Telangana) [India], March 11 (ANI): Micro-finance institution Spandana Sphoorty Financial Ltd on Thursday approved an investment of Rs 50 crore in equity share capital of its subsidiary Criss Financial Holdings Ltd (CFHL) in one or more tranches.
CFHL is engaged in the business of finance by providing individual loans, small business loans, mortgage loans and group loans.
It reported a turnover of Rs 34.7 crore in FY20 with assets under management totalling Rs 185 crore.
Spandana Sphoorty said the takeover is for cash consideration up to Rs 50 crore by way of subscription to equity of CFHL at Rs 177 per share in one or more tranches.
Financials stocks were trading with gains, with the S&P BSE Finance index rising 146.64 points or 1.94% at 7703.16 at 09:48 IST. Among the components of the S&P BSE Finance index, Religare Enterprises Ltd (up 7.34%), South Indian Bank Ltd (up 6.1%),Satin Creditcare Network Ltd (up 5.51%),Dewan Housing Finance Corporation Ltd (up 4.8%),Cholamandalam Investment & Finance Company Ltd (up 4.74%), were the top gainers. Among the other gainers were Magma Fincorp Ltd (up 4.24%), MAS Financial Services Ltd (up 3.82%), General Insurance Corporation of India (up 3.62%), Shriram Transport Finance Company Ltd (up 3.4%), and IIFL Securities Ltd (up 3.31%). On the other hand, Dolat Investments Ltd (down 3.24%), Spandana Sphoorty Financial Ltd (down 2.87%), and Bank of Maharashtra (down 2.7%) moved lower.