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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Shares of Five-Star Business Finance fell 9% to Rs 698 on October 31, following a 13% drop the previous day, marking a nearly 19% decline over two days. This sell-off was triggered by a revised AUM growth outlook, now set at 25%, down from 30%, despite a strong Q2 FY2024 performance showing a 32.2% year-on-year AUM growth to Rs 10,927 crore. Asset quality showed mixed results, with Gross NPA increasing to 1.47% and Net NPA rising to 0.71%, while provisions surged to Rs 21.8 crore, doubling year-over-year.
Nirmal Bang has identified key stock picks for Samvat 2081, including Archean Chemicals, which anticipates a 16% topline growth from FY24-27 despite a bromine slowdown. Fineotex Chemical plans a 40K MTPA capacity expansion, while Five Star Business Finance targets the underserved business loan market with a robust growth model. Garware Hi-Tech Films is set to benefit from the premium vehicle market, with a strong recommendation to 'BUY' and a target price of Rs 4,848, indicating a 20% upside.
Five-Star Business Finance Limited
Companies
09:55 31.10.2024
Indian Rupee
Fineotex Chemical Limited
L&T Technology Services Limited
Garware Hi-Tech Films Limited
Five-Star Business Finance Limited
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17:21 22.10.2024
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