Five-Star Business Finance shares fall 11%
Wed, Oct 30, 2024 12:56 PM

Five-Star Business Finance shares fall 11%

A Flip by Avya Verma
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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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