Five-Star Business Finance zooms 19%, hits highest level since listing

The stock hit a new high of Rs 619.50, surging 31 per cent against its issue price of Rs 474 per share

Shares of Five-Star Business Finance Ltd (FSBF) zoomed 19 per cent to Rs 619.50, hitting its highest level since listing, on the BSE on Tuesday. The stock of the non-banking finance (NBFC) made its market debut on November 21. The stock of FSBF is now 31 per cent higher against its issue price of Rs 474 per share. It has also bounced back 38 per cent from its 52-week low of Rs 448.20, touched on the listing day.

FSBF is a NBFC registered with Reserve Bank of India, and has a network of 352 branches catering to around 250,000