Saturday, December 13, 2025 | 10:39 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Spandana Sphoorty Financial hits 52-week low, falls 11% in one week

The company said there will be an unavoidable delay in submission of financial results for the quarter ended September 30, 2021

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.
premium

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

SI Reporter Mumbai
Shares of Spandana Sphoorty Financial (SSFL) hit a 52-week low of Rs 488, down 3 per cent on the BSE in Wednesday’s intra-day trade. The stock of India’s second-largest microfinance institution (MFI) was trading lower for the fifth straight day, falling 11 per cent, on delay in announcement of September 2021 quarter (Q2FY22) financial results, due to recent flux in management following resignation by managing director Padmaja Reddy and attrition in the information technology team.

With the past one week fall, the stock of non-banking finance company has tanked 41 per cent from its 52-week high of Rs 830