Wed, Oct 30, 2024 10:39 AM
Accumulate Adani Wilmar; target of Rs 373: KR Choksey
A Flip by Avya Verma
Five-Star Business Finance's shares dropped 11% despite strong Q3 performance, as management trimmed AUM growth guidance from 30% to 25%. AUM grew 32.2% to ₹10,927 crore, while provisions doubled to ₹21.8 crore. Brokerages Avendus Spark and DAM Capital downgraded the stock, citing concerns. Five-Star Business Finance's shares fell 10.3% to ₹787.1, trimming year-to-date gains to 7%.
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📌Axis Bank| Buying Range: ₹1,189-1,210 | Targets: ₹1,332-1,403 | Stoploss: ₹1,070. 📌Karur Vysya Bank | Buying Range: ₹214-218 | Targets: ₹249, 269 | Stoploss: ₹183. 📌Stylam Industries | Buying Range: ₹2,195-2,230 | Target: ₹2,560-2,690 | Stoploss: ₹1,880. 📌Can Fin Homes | Buying Range: ₹850-860 | Target: ₹960-1,040 | Stoploss: ₹765.
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Force Motors share price surged as much as 20 per cent to hit its upper circuit in morning trade on BSE on Wednesday, October 30, boosted by strong September quarter results. The stock opened at ₹7,250.05 against its previous close of ₹6,378.35 and surged 20 per cent to the level of ₹7,654. Around 10:10 am, the stock was locked at its upper circuit.
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