December 22, 2024

Five Star Business Finance

Nomura maintains cautious stance on NBFCs for FY25 amid asset quality concerns, but recommends ‘buy’ on 4 stocks | Stock Market News

Nomura maintains cautious stance on NBFCs for FY25 amid asset quality concerns, but recommends ‘buy’ on 4 stocks | Stock Market News

TheSpuzz Desk08 mins

Source: Live Mint Non-banking finance company (NBFC) stocks have been hammered by Dalal Street investors in recent weeks, following a mixed performance in the September quarter (Q2FY25). This was driven by a moderation in year-on-year disbursement growth due to a slowdown in unsecured loans (personal, credit cards, MFI) amidst asset quality concerns and regulatory actions….

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Five Star Business Finance shares plummet 13.5% as NBFC cuts AUM growth forecast | Stock Market News

Five Star Business Finance shares plummet 13.5% as NBFC cuts AUM growth forecast | Stock Market News

TheSpuzz Desk05 mins

Source: Live Mint Despite reporting strong results for the September ending quarter (Q2FY25), shares of Five Star Business Finance fell 13.60% to ₹758 apiece in intraday trade on Wednesday, October 30. This decline followed the company’s decision to lower its assets under management (AUM) growth guidance for FY25 to 25% from the previously projected 30%….

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