Shares of Five Star Business Finance rose 5% in early trading, reaching ₹847.45, up from ₹808.40. This increase followed a significant block deal involving 2.81 crore shares, valued at approximately ₹2,249.8 crore, executed at ₹800.5.
Strong Market Performance
The company’s market capitalization now stands at ₹23,503 crore, reflecting a robust performance as the stock trades above its moving averages across various time frames, including the 5, 10, 20, 50, 100, and 150 days.
Technical Insights
The stock’s relative strength index (RSI) is currently at 64.8, indicating it is neither overbought nor oversold. Over the past year, Five Star Business Finance shares have appreciated by 16%, with a 10% gain in 2024 alone.
Company Overview
Headquartered in Chennai, Tamil Nadu, Five Star Business Finance is a non-banking finance company that specializes in providing secured loans to micro-entrepreneurs and self-employed individuals, primarily in South India.
With a record turnover of ₹3,749.59 crore on the BSE today, the company’s performance signals strong investor interest and confidence in its growth prospects.
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