Spandana Sphoorty Financial Ltd News
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")
Spandana Sphoorty Financial suffers Rs 216 cr consolidated loss in Q2FY25
Provisions for stressed loans grow multi-fold
 "Spandana Sphoorty Financial suffers Rs 216 cr consolidated loss in Q2FY25")
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.
 "Why have microfinance stocks hit 52-week lows today? Check details here")
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 shares gain 4% on plans to sell loans, stressed assets")
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 board to consider raising funds via NCDs; stock up 2%")
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
 "Spandana Sphoorty slips 8%, hits 52-week low on disappointing Q1 results")
