Spandana Sphoorty Financial Ltd News
Spandana Sphoorty CEO Saxena resigns; CFO Damani named interim chief
The stock of the company closed six per cent lower at Rs 305.2 per share on BSE
 "Spandana Sphoorty CEO Saxena resigns; CFO Damani named interim chief")
Spandana Sphoorty soars 19% on heavy volumes; zooms 50% in 7 days
Kotak Institutional Equities said microfinance players are now starting to see a scenario where incremental data on forward flows, collections and SMA book is showing an improvement
 "Spandana Sphoorty soars 19% on heavy volumes; zooms 50% in 7 days")
Spandana Sphoorty slips 6% in 2 days, nears record low on growth concerns
In the past six months, the market price of Spandana Sphoorty has tanked 60 per cent, as compared to the 10 per cent decline in the BSE Sensex.
Spandana, RInfra, Newgen among 685 stocks to hit lower circuit on the BSE
KPI Green Energy, Sterling & Wilson Renewable Energy, Jai Corp, PTC Industries and GMR Power & Urban Infra from the BSE A group were locked at the lower circuits in intra-day deals on Monday.
 "Spandana, RInfra, Newgen among 685 stocks to hit lower circuit on the BSE")
Spandana Sphoorty freezes at 5% lower circuit on weak Q3 results
A wide set of challenges including borrower leverage, dilution of JLG (joint liability group) model, poor center meeting attendance and high attrition continue to impact the microfinance sector
 "Spandana Sphoorty freezes at 5% lower circuit on weak Q3 results")
BSE Smallcap index tanks over 6% in one week; 87 stocks hit 52-week lows
FIIs were net sellers of over Rs 7,000 crore on Thursday, and their cumulative selling in the past seven trading sessions has exceeded Rs 19,000 crore, raising concerns in the market
 "BSE Smallcap index tanks over 6% in one week; 87 stocks hit 52-week lows")
Spandana Sphoorty soars 19% in weak market on high volume; up 42% in 2 days
Spandana Sphoorty share price: Around 13.7 million shares have changed hands on the counter, cumulatively, on the BSE and NSE, thus far. This is roughly five-times the stock's two-week average volume
 "Spandana Sphoorty soars 19% in weak market on high volume; up 42% in 2 days")
Spandana Sphoorty nears record low; tanks 73% in CY24 on growth concerns
Spandana Sphoorty Financial shares hit a multi-year low of Rs 309, down 3% on the BSE in Tuesday's intra-day trade, and inched towards its all-time low of Rs 288.75 touched on June 20, 2022
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
 "Market crash: Over two-thirds of mid, small-cap stocks in bear territory")
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 plunges 16% on weak Q2 results; tanks 69% from 52-wk high")
