The FinTech Hub
Source: Live Mint NBFC Penny stock under Re 1: Foreign Institutional Investors (FIIs) have made an investment move by purchasing stakes in Srestha Finvest Ltd during the second quarter of FY25. According to the latest shareholding data, FIIs now hold 0.53 per cent of the company’s equity shares, translating to 86,69,122 shares. Srestha Finvest, a…
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%….
Source: Live Mint Following three months of positive but muted returns, brokerage Equirus Capital has initiated coverage on NBFC stock MAS Financial Services with a ‘long’ recommendation and a target price of ₹401, indicating an upside potential of over 38 per cent. “We believe MASFIN has the perfect elements (promoter pedigree, stellar asset quality track…
