The jump in Five-Star Business Finance share price is aided by the news that its board has approved the issuance of non-convertible debentures (NCDs) aggregating up to Rs 4,000 crore
CreditAccess, L&T Fin, RBL Bank, Poonawalla Fincorp, Five-Star Business Finance, Ujjivan SFB, Shriram Finance, Cholamandalam, M&M Financial, AU SFB and Bandhan Bank were up in the range of 4% - 15%.
Eris Lifesciences, BLS International and Five-Star Business are the other 3 smallcap stocks that look favourably placed on the technical charts in an otherwise weak market.
The surge in Five-Star Business Finance share price came after 28.1 million (or 2.81 crore) shares changed hands via a block deal.