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Spandana Sphoorty Financial trades higher on raising Rs 100 crore through NCDs Spandana Sphoorty Financial trades higher on raising Rs 100 crore through NCDs Sep-08-2023   12:03 Hrs IST Spandana Sphoorty Financial is currently trading at Rs. 795.95, up by 10.45 points or 1.33 % from its previous closing of Rs. 785.50 on the BSE. The scrip opened at Rs. 788.10 and has touched a high and low of Rs. 798.45 and Rs. 786.50 respectively. So far 4979 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 w...
Spandana Sphoorty Financial trades higher on raising Rs 100 crore through NCDs
Spandana Sphoorty Financial trades higher on raising Rs 100 crore through NCDs
Source: Accord Fintech
8/09/2023 12:49:40 PM
Spandana Sphoorty Financial gains on raising Rs 30 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 800.10, up by 1.10 points or 0.14% from its previous closing of Rs. 799.00 on the BSE. The scrip opened at Rs. 804.95 and has touched a high and low of Rs. 810.00 and Rs. 795.00 respectively. So far 3681 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 863.00 on 31-Jul-2023 and a 52 week low of Rs. 478.85 on 28-Mar-2023. Last one week high and low of the sc...
Spandana Sphoorty Financial gains on raising Rs 30 crore through NCDs
Spandana Sphoorty Financial gains on raising Rs 30 crore through NCDs
Source: Accord Fintech
5/09/2023 11:03:50 AM
Buy Spandana Sphoorty Ltd For Target Rs.960 - JM Financial Institutional Securities Spandana continued to deliver on its trajectory of improved performance and reported a standalone PAT of INR 1.1bn (-4% QoQ, +12% vs JMFe) on account of a) steady AUM growth of 88bn (+61% YoY /+4.0% QoQ) b) improvement in NIMs by +38bps QoQ due to significant improvement in yields at 24.0% (+120bps QoQ) opposed to marginal increase in COB at 12.5% (+9bps QoQ). and c) improving asset quality metrics with the current book (0- dpd) now stands at 97.01% vs 96.39% QoQ aided by strong collection ef...
Buy Spandana Sphoorty Ltd For Target Rs.960 - JM Financial Institutional Securities
Buy Spandana Sphoorty Ltd For Target Rs.960 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
26/07/2023 2:12:27 PM
Buy Spandana Sphoorty Ltd For Target Rs.865 - Motilal Oswal Financial Services Ltd * Spandana Sphoorty (Spandana) is a leading rural-focused NBFC-MFI offering income generation loans under the joint liability group (JLG) model. As of Mar’23, the company reported AUM of ~INR85b. It has over 1,200 branches spread across 18 states of India. Its top five states are MP, Odisha, Karnataka, Maharashtra and AP, which contributed ~66% to the AUM mix as of Mar’23. * Spandana has a strong rural footprint, with the rural portfolio accounting for ~87% of its total AUM. It...
Buy Spandana Sphoorty Ltd For Target Rs.865 - Motilal Oswal Financial Services Ltd
Buy Spandana Sphoorty Ltd For Target Rs.865 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
17/07/2023 4:17:46 PM
Spandana Sphoorty Financial surges on raising Rs 125 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 686.35, up by 2.65 points or 0.39% from its previous closing of Rs. 683.70 on the BSE. The scrip opened at Rs. 696.75 and has touched a high and low of Rs. 696.75 and Rs. 672.95 respectively. So far 10981 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 750.95 on 02-Jun-2023 and a 52 week low of Rs. 292.00 on 21-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial surges on raising Rs 125 crore through NCDs
Spandana Sphoorty Financial surges on raising Rs 125 crore through NCDs
Source: Accord Fintech
21/06/2023 3:38:42 PM
Buy Spandana Sphoorty Ltd For Target Rs.815 - ICICI Securities Strong growth likely to sustain; stressed asset formation being subsidised to ensure lower credit cost   We hosted Mr. Ashish Damani (president & CFO) and Mr. Vishal Sharma (chief operating officer) at our Singapore conference on 23rd May’23. Management highlighted that Spandana Sphoorty’s (Spandana) underlying business trend remains strong and the company is well positioned to sustain its current AUM growth momentum (it delivered 29% YoY AUM growth in FY23). Furthe...
Buy Spandana Sphoorty Ltd For Target Rs.815 - ICICI Securities
Buy Spandana Sphoorty Ltd For Target Rs.815 - ICICI Securities
Source: ICICI Securities Ltd
14/06/2023 1:09:07 PM
Spandana Sphoorty Financial surges on raising Rs 75 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 715.60, up by 20.20 points or 2.90% from its previous closing of Rs. 695.40 on the BSE. The scrip opened at Rs. 696.10 and has touched a high and low of Rs. 717.95 and Rs. 695.90 respectively. So far 3121 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 750.95 on 02-Jun-2023 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial surges on raising Rs 75 crore through NCDs
Spandana Sphoorty Financial surges on raising Rs 75 crore through NCDs
Source: Accord Fintech
13/06/2023 11:10:24 AM
Spandana Sphoorty Financial rises on getting nod to raise up to Rs 125 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 701.60, up by 6.55 points or 0.94% from its previous closing of Rs. 695.05 on the BSE. The scrip opened at Rs. 698.70 and has touched a high and low of Rs. 712.00 and Rs. 695.55 respectively. So far 1403 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 750.95 on 02-Jun-2023 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the sc...
Spandana Sphoorty Financial rises on getting nod to raise up to Rs 125 crore through NCDs
Spandana Sphoorty Financial rises on getting nod to raise up to Rs 125 crore through NCDs
Source: Accord Fintech
12/06/2023 10:10:15 AM
Buy Spandana Sphoorty Ltd For Target Rs.800 - JM Financial Institutional Securities In 4Q23, Spandana continued on its improving trajectory and reported a standalone PAT of INR 1.2bn (+67% QoQ, +16% vs JMFe) aided by a) strong AUM growth of +24% QoQ /+29% YoY as disbursements accelerated (+29% QoQ), b) improvement in NIMs (adj for assignment) by +40bps QoQ due to repricing of AUM and c) improving asset quality metrics with current book (0-dpd) now at 96.6% vs 92.1% QoQ. Headline asset quality was also helped by INR 1.3bn sale to ARC and steady improvement in net collection e...
Buy Spandana Sphoorty Ltd For Target Rs.800 - JM Financial Institutional Securities
Buy Spandana Sphoorty Ltd For Target Rs.800 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
4/05/2023 3:32:37 PM
Spandana Sphoorty Fi Q4 net profit zooms 536.07% at Rs 116.21 cr The company reported standalone net profit of Rs 116.21 crore for the quarter ended March 31, 2023 as compared to Rs 18.27 crore in the same period last year, registering a year-on-year growth of 536.07 per cent. Net revenue of the company rose substantially by 80.62 per cent at Rs 475.34 crore in January-March quarter of this fiscal as against Rs 263.17 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 36.62 per cent t...
Spandana Sphoorty Fi Q4 net profit zooms 536.07% at Rs 116.21 cr
Spandana Sphoorty Fi Q4 net profit zooms 536.07% at Rs 116.21 cr
Source: Dion Global Services Ltd
3/05/2023 3:39:00 PM
Spandana Sphoorty Financial inches up on raising Rs 25 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 546.15, up by 0.55 points or 0.10% from its previous closing of Rs. 545.60 on the BSE. The scrip opened at Rs. 541.80 and has touched a high and low of Rs. 548.85 and Rs. 541.80 respectively. So far 61 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the scri...
Spandana Sphoorty Financial inches up on raising Rs 25 crore through NCDs
Spandana Sphoorty Financial inches up on raising Rs 25 crore through NCDs
Source: Accord Fintech
11/04/2023 12:51:04 PM
Spandana Sphoorty Financial surges on getting nod to raise Rs 125 crore Spandana Sphoorty Financial is currently trading at Rs. 564.90, up by 5.45 points or 0.97% from its previous closing of Rs. 559.45 on the BSE. The scrip opened at Rs. 557.85 and has touched a high and low of Rs. 566.20 and Rs. 556.15 respectively. So far 725 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the scr...
Spandana Sphoorty Financial surges on getting nod to raise Rs 125 crore
Spandana Sphoorty Financial surges on getting nod to raise Rs 125 crore
Source: Accord Fintech
10/03/2023 1:09:07 PM
Spandana Sphoorty Financial inches up on reporting 59% rise in Q3 consolidated net profit Spandana Sphoorty Financial is currently trading at Rs. 571.45, up by 0.30 points or 0.05% from its previous closing of Rs. 571.15 on the BSE. The scrip opened at Rs. 588.55 and has touched a high and low of Rs. 599.70 and Rs. 554.45 respectively. So far 14774 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial inches up on reporting 59% rise in Q3 consolidated net profit
Spandana Sphoorty Financial inches up on reporting 59% rise in Q3 consolidated net profit
Source: Reuters
1/02/2023 3:19:32 PM
Spandana Sphoorty Financial jumps on getting nod to transfer stressed loan portfolio Spandana Sphoorty Financial is currently trading at Rs. 553.35, up by 5.65 points or 1.03% from its previous closing of Rs. 547.70 on the BSE. The scrip opened at Rs. 560.40 and has touched a high and low of Rs. 575.05 and Rs. 549.65 respectively. So far 3732 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the sc...
Spandana Sphoorty Financial jumps on getting nod to transfer stressed loan portfolio
Spandana Sphoorty Financial jumps on getting nod to transfer stressed loan portfolio
Source: Accord Fintech
29/12/2022 2:36:48 PM
Spandana Sphoorty Financial trades higher on raising Rs 202.22 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 619.90, up by 8.20 points or 1.34% from its previous closing of Rs. 611.70 on the BSE. The scrip opened at Rs. 619.35 and has touched a high and low of Rs. 623.00 and Rs. 615.85 respectively. So far 694 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the scr...
Spandana Sphoorty Financial trades higher on raising Rs 202.22 crore through NCDs
Spandana Sphoorty Financial trades higher on raising Rs 202.22 crore through NCDs
Source: Accord Fintech
19/12/2022 12:12:39 PM
Spandana Sphoorty Financial shines on raising Rs 100 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 608.00, up by 21.80 points or 3.72% from its previous closing of Rs. 586.20 on the BSE. The scrip opened at Rs. 575.50 and has touched a high and low of Rs. 613.40 and Rs. 575.50 respectively. So far 1630 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial shines on raising Rs 100 crore through NCDs
Spandana Sphoorty Financial shines on raising Rs 100 crore through NCDs
Source: Accord Fintech
9/12/2022 10:54:40 AM
Spandana Sphoorty Financial jumps on getting nod to raise Rs 100 crore via NCD Spandana Sphoorty Financial is currently trading at Rs. 562.00, up by 12.00 points or 2.18% from its previous closing of Rs. 550.00 on the BSE. The scrip opened at Rs. 556.00 and has touched a high and low of Rs. 568.60 and Rs. 552.50 respectively. So far 1175 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial jumps on getting nod to raise Rs 100 crore via NCD
Spandana Sphoorty Financial jumps on getting nod to raise Rs 100 crore via NCD
Source: Accord Fintech
2/12/2022 3:25:35 PM
Spandana Sphoorty Financial rises on paying Rs 25 lakh to settle case with SEBI Spandana Sphoorty Financial is currently trading at Rs. 599.50, up by 6.05 points or 1.02% from its previous closing of Rs. 593.45 on the BSE. The scrip opened at Rs. 599.50 and has touched a high and low of Rs. 600.55 and Rs. 599.50 respectively. So far 74 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the scri...
Spandana Sphoorty Financial rises on paying Rs 25 lakh to settle case with SEBI
Spandana Sphoorty Financial rises on paying Rs 25 lakh to settle case with SEBI
Source: Accord Fintech
28/10/2022 11:59:22 AM
Spandana Sphoorty Financial inches up on turning black in Q2 Spandana Sphoorty Financial is scrip is currently trading at Rs. 608.00, up by 1.10 points or 0.18% from its previous closing of Rs. 606.90 on the BSE. The scrip opened at Rs. 612.00 and has touched a high and low of Rs. 620.00 and Rs. 581.25 respectively. So far 5775 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low ...
Spandana Sphoorty Financial inches up on turning black in Q2
Spandana Sphoorty Financial inches up on turning black in Q2
Source: Accord Fintech
18/10/2022 3:23:32 PM
Buy Spandana Sphoorty Ltd For Target Rs.750 - ICICI Securities Gradually approaching business normalcy; credit cost trajectory the key monitorable Q2FY23 was a quarter of consolidation for Spandana Sphoorty (Spandana) with focus on: 1) building foundation to ensure sustainable growth in the coming years, 2) containing forward flow in the PAR portfolio, 3) rebuilding the liability engine, and 4) strengthening the management team. Progression towards achieving these milestones are on track. Further, management sounded confident about the company’s...
Buy Spandana Sphoorty Ltd For Target Rs.750 - ICICI Securities
Buy Spandana Sphoorty Ltd For Target Rs.750 - ICICI Securities
Source: ICICI Securities Ltd
18/10/2022 10:15:32 AM
Buy Spandana Sphoorty Ltd For Target Rs.500 - ICICI Securities Spandana Sphoorty’s (Spandana) Q1FY23 financial performance was marred by management’s decision to write-off pre-covid related stress to the tune of Rs7bn. However, credit quality and book performance (post write-offs) appear to be in a much better shape – PAR 31-90 @3.5% and collection in restructured book stood at 80% as on June’22. Overall collections (ex arrears), including GNPL and restructured book, stood at 94% during Q1FY23. GNPL fell to 6.7% in Q1FY23 from 15%...
Buy Spandana Sphoorty Ltd For Target Rs.500 - ICICI Securities
Buy Spandana Sphoorty Ltd For Target Rs.500 - ICICI Securities
Source: ICICI Securities Ltd
14/10/2022 6:10:56 PM
Update on Spandana Sphoorty Financial Ltd - Channel check: Moving in the right direction By Anand Rathi Share and Stock Brokers We recently visited a Spandana centre/branch in Thane district, Maharashtra, to understand structural changes after the new management took over. Key changes observed were 1) in the incentive structure, 2) improvement in technology, 3) strong traction in disbursements and collections and 4) employee morale. We believe these changes auger well for the company and would reflect in a better operating performance in forthcoming quarters. Incentive structure turns more appealing. The structu...
Update on Spandana Sphoorty Financial Ltd - Channel check: Moving in the right direction By Anand Rathi Share and Stock Brokers
Update on Spandana Sphoorty Financial Ltd - Channel check: Moving in the right direction By Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
12/10/2022 2:54:14 PM
Spandana Sphoorty Financial trades higher on getting nod to raise upto Rs 25 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 540.95, up by 8.50 points or 1.60% from its previous closing of Rs. 532.45 on the BSE. The scrip opened at Rs. 559.00 and has touched a high and low of Rs. 559.00 and Rs. 530.00 respectively. So far 324 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the scr...
Spandana Sphoorty Financial trades higher on getting nod to raise upto Rs 25 crore through NCDs
Spandana Sphoorty Financial trades higher on getting nod to raise upto Rs 25 crore through NCDs
Source: Accord Fintech
29/09/2022 10:56:32 AM
Spandana Sphoorty Financial jumps on raising Rs 60 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 603.00, up by 3.15 points or 0.53% from its previous closing of Rs. 599.85 on the BSE. The scrip opened at Rs. 603.65 and has touched a high and low of Rs. 614.70 and Rs. 596.40 respectively. So far 16966 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 675.55 on 16-Sep-2021 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial jumps on raising Rs 60 crore through NCDs
Spandana Sphoorty Financial jumps on raising Rs 60 crore through NCDs
Source: Accord Fintech
12/09/2022 2:22:35 PM
Spandana Sphoorty Financial inches up on raising Rs 23 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 424.30, up by 0.20 points or 0.05 % from its previous closing of Rs. 424.10 on the BSE. The scrip opened at Rs. 426.50 and has touched a high and low of Rs. 427.05 and Rs. 420.00 respectively. So far 1809 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 675.55 on 16-Sep-2021 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial inches up on raising Rs 23 crore through NCDs
Spandana Sphoorty Financial inches up on raising Rs 23 crore through NCDs
Source: Accord Fintech
2/08/2022 3:44:37 PM
Spandana Sphoorty Financial zooms on getting nod to raise Rs 23 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 423.80, up by 12.45 points or 3.03% from its previous closing of Rs. 411.35 on the BSE. The scrip opened at Rs. 413.20 and has touched a high and low of Rs. 424.80 and Rs. 413.20 respectively. So far 1337 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 678.55 on 29-Jul-2021 and a 52 week low of Rs. 288.75 on 20-Jun-2022. Last one week high and low of the s...
Spandana Sphoorty Financial zooms on getting nod to raise Rs 23 crore through NCDs
Spandana Sphoorty Financial zooms on getting nod to raise Rs 23 crore through NCDs
Source: Accord Fintech
27/07/2022 11:40:03 AM
Buy Spandana Sphoorty Ltd For Target Rs.550 - ICICI Securities Newly-appointed management in place; setting up processes to achieve Vision 2025 goals FY22 had been an eventful year for Spandana Sphoorty (Spandana), starting with the resignation of its erstwhile MD & CEO which triggered operational instability followed by course correction. Corrective measures included: a) Appointing new and experienced core management, b) settling all the disputes with the erstwhile MD by paying one-time settlement amount of ~Rs400mn, c) streamlining the business ...
Buy Spandana Sphoorty Ltd For Target Rs.550 - ICICI Securities
Buy Spandana Sphoorty Ltd For Target Rs.550 - ICICI Securities
Source: ICICI Securities Ltd
13/07/2022 12:03:26 PM
Spandana Sphoorty Financial trades higher on raising Rs 40 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 312.20, up by 5.15 points or 1.68% from its previous closing of Rs. 307.05 on the BSE. The scrip opened at Rs. 300.05 and has touched a high and low of Rs. 313.25 and Rs. 300.05 respectively. So far 2079 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 745.00 on 05-Jul-2021 and a 52 week low of Rs. 301.40 on 16-Jun-2022. Last one week high and low of the sc...
Spandana Sphoorty Financial trades higher on raising Rs 40 crore through NCDs
Spandana Sphoorty Financial trades higher on raising Rs 40 crore through NCDs
Source: Accord Fintech
17/06/2022 10:33:13 AM
Spandana Sphoorty Financial jumps on getting nod to raise Rs 40 crore through NCDs Spandana Sphoorty Financial is currently trading at Rs. 337.85, up by 4.15 points or 1.24% from its previous closing of Rs. 333.70 on the BSE. The scrip opened at Rs. 338.05 and has touched a high and low of Rs. 342.80 and Rs. 334.45 respectively. So far 1623 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 745.00 on 05-Jul-2021 and a 52 week low of Rs. 325.30 on 08-Mar-2022. Last one week high and low of the sc...
Spandana Sphoorty Financial jumps on getting nod to raise Rs 40 crore through NCDs
Spandana Sphoorty Financial jumps on getting nod to raise Rs 40 crore through NCDs
Source: Accord Fintech
15/06/2022 11:30:55 AM
Add Spandana Sphoorty Ltd For Target Rs.460 - ICICI Securities CE improving despite transition; management and operational stability a key monitorable While the core operating performance showing improving trend, the series of events occurred during past two months like MD & CEO resigning, transfer of holding company IT system to new vendor, ongoing evaluation to streamline compensation structures and covid led uncertainties, disrupted the business momentum. However, board had proactively took two steps – A) Constituted a management Committe...
Add Spandana Sphoorty Ltd For Target Rs.460 - ICICI Securities
Add Spandana Sphoorty Ltd For Target Rs.460 - ICICI Securities
Source: ICICI Securities Ltd
22/01/2022 11:01:12 AM
Buy Spandana Sphoorty Financial Ltd For Target Rs.830 - Yes Securities Our view ‐ Significant PAR increase in Q1; sustaining collection recovery key        The second wave had a significant impact on the portfolio quality of Spandana. PAR 0 increased from 10% as of March to ~34% as of June and PAR 60 increased from 4.8% to ~8% with collection efficiency falling to 83% during Q1 FY22 (not fully reconcilable with a non‐commensurately low abs. portfolio run‐off of Rs9.8bn). Write‐off in the quarter was negligible. ...
Buy Spandana Sphoorty Financial Ltd For Target Rs.830 - Yes Securities
Buy Spandana Sphoorty Financial Ltd For Target Rs.830 - Yes Securities
Source: Yes Securities Ltd
17/08/2021 10:09:48 AM
Technical Positional Pick - Buy Spandana Sphoorty Financial Ltd​​​​​​​ For Target Rs. 795 - HDFC Securities  Technical Positional Pick - Buy Spandana Sphoorty Financial Ltd For Target Rs. 795 - HDFC Securities  TECHNICAL OBSERVATIONS The attached weekly timeframe chart of this financial stock SPANDANA indicate an upside bounce after the larger consolidation pattern. The downward correction of last month seems to be over and the stock price is now set to show the next upside leg soon. The positive sequence like higher tops and bottoms continued and the stock price is n...
Technical Positional Pick - Buy Spandana Sphoorty Financial Ltd​​​​​​​ For Target Rs. 795 - HDFC Securities 
Technical Positional Pick - Buy Spandana Sphoorty Financial Ltd​​​​​​​ For Target Rs. 795 - HDFC Securities 
Source: HDFC Securities Ltd
13/07/2021 12:14:23 PM
Buy Spandana Sphoorty Ltd For Target Rs. 840 - ICICI Securities Cost-efficient business model to rescue, capital sufficiency to add comfort Spandana Sphoorty’s (Spandana) Q4FY21 performance was characterised by prudent approach in recognising stress (written off ~Rs3.6bn in FY21) and strengthening balance sheet as reflected in its total provision of ~Rs4.1bn (~6% of on-balance sheet loans). Collections (excluding arrears) fell to 92% in April’21 & 82% in May’21 from 96% in March’21. While lower collections in near-term due t...
Buy Spandana Sphoorty Ltd For Target Rs. 840 - ICICI Securities
Buy Spandana Sphoorty Ltd For Target Rs. 840 - ICICI Securities
Source: ICICI Securities
22/06/2021 11:02:15 AM
Buy Spandana Sphoorty Financial Ltd For Target Rs.875 - Yes Securities Result Highlights * Spandana’s Q4 FY21 performance was characterized by an in‐line AUM growth, a significant beat on revenue and PPOP, strong collections causing mild improvement in asset quality and high credit cost to raise coverage on stress funnel.   * Supported by highest‐ever quarterly disbursements of Rs24.3bn, AUM grew by 5% qoq/19% yoy to reach Rs81.6bn despite write‐off of Rs1.66bn (2% of portfolio). The growth continues to be driven by existing clients having ...
Buy Spandana Sphoorty Financial Ltd For Target Rs.875 - Yes Securities
Buy Spandana Sphoorty Financial Ltd For Target Rs.875 - Yes Securities
Source: Yes Securities Ltd
25/05/2021 9:15:05 AM
Buy Spandana Sphoorty Ltd For Target Rs.900 - ICICI Securities Accelerated provision marred earnings; capital sufficiency to help tackle current cycle Spandana Sphoorty’s (Spandana) Q3FY21 performance was characterised by aggressive write-offs to the tune of ~Rs2bn (>120-dpd) and clear focus on pursuing growth but in calibrated manner, as reflected in 14% YTD-FY21 growth in AuM. Further, a provision buffer of ~Rs3.6bn (~5% of AuM) against a non-paying customer pool of ~2.2% and proforma NNPL at 1% would cushion earnings in coming quarters. C...
Buy Spandana Sphoorty Ltd For Target Rs.900 - ICICI Securities
Buy Spandana Sphoorty Ltd For Target Rs.900 - ICICI Securities
Source: ICICI Securities Ltd
16/03/2021 12:38:08 PM
Buy Spandana Sphoorty Ltd For Target Rs.900 - ICICI Securities Accelerated provision marred earnings; capital sufficiency to help tackle current cycle Spandana Sphoorty’s (Spandana) Q3FY21 performance was characterised by aggressive write-offs to the tune of ~Rs2bn (>120-dpd) and clear focus on pursuing growth but in calibrated manner, as reflected in 14% YTD-FY21 growth in AuM. Further, a provision buffer of ~Rs3.6bn (~5% of AuM) against a non-paying customer pool of ~2.2% and proforma NNPL at 1% would cushion earnings in coming quarters. C...
Buy Spandana Sphoorty Ltd For Target Rs.900 - ICICI Securities
Buy Spandana Sphoorty Ltd For Target Rs.900 - ICICI Securities
Source: ICICI Securities Ltd
10/03/2021 11:09:04 AM
Spandana Sphoorty Financial Ltd : Adequate provisioning sets the tone for normative profitability; retain BUY with 12m PT of Rs1150 - Yes Securities Buy Spandana Sphoorty Financial Ltd For Target Rs.1,550 Adequate provisioning sets the tone for normative profitability; retain BUY with 12m PT of Rs1150 Spandana’s Q3 FY21 earnings performance was marred by substantial portfolio write‐ off (Rs1.96bn ‐ 2.5% of AUM) and the interest reversal associated with it (Rs160mn). The company did not utilize its Covid provisioning buffer/management overlay (which was marginally augmented to Rs4.1bn ‐ 5.9% of on‐BS portf...
Spandana Sphoorty Financial Ltd : Adequate provisioning sets the tone for normative profitability; retain BUY with 12m PT of Rs1150 - Yes Securities
Spandana Sphoorty Financial Ltd : Adequate provisioning sets the tone for normative profitability; retain BUY with 12m PT of Rs1150 - Yes Securities
Source: Yes Securites Ltd
10/02/2021 10:38:58 AM