Spandana Sphoorty Financial Ltd News

Market crash: Over two-thirds of mid, small-cap stocks in bear territory

The fall from peak levels in these segments, according to Gaurang Shah, senior vice-president at Geojit Financial Services has also been account of earnings disappointment besides amid high valuations

Spandana Sphoorty plunges 16% on weak Q2 results; tanks 69% from 52-wk high

The microfinance lender suffered a consolidated loss of Rs 216 crore in the second quarter ended September 2024 (Q2FY25) due to higher credit cost due to an increase in delinquencies

Spandana Sphoorty Financial suffers Rs 216 cr consolidated loss in Q2FY25

Provisions for stressed loans grow multi-fold

Why have microfinance stocks hit 52-week lows today? Check details here

The microfinance industry is currently facing a significant rise in delinquencies, primarily driven by increasing borrower indebtedness, apart from other factors.

Spandana Sphoorty shares gain 4% on plans to sell loans, stressed assets

Spandana Sphoorty Financial share price surged up to 3.82 per cent at Rs 615 per share intraday on the BSE

Spandana Sphoorty board to consider raising funds via NCDs; stock up 2%

The rise in the Spandana Sphoorty stock price came after the company announced that its board of directors will meet on August 27 to consider raising funds via NCDS on private placement basis.

Spandana Sphoorty slips 8%, hits 52-week low on disappointing Q1 results

The challenges faced during the quarter were reflected by elevated delinquencies and higher credit costs

Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices

The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies