Five-Star Business Finance stock has returned 38.17 per cent over the past six months. The benchmark Nifty Bank Index has returned 18.48 per cent over the same period.
The public holds a majority stake of 52.16 per cent in Five-Star Business Finance.
Shares of Five-Star Business Finance jumped nearly 3 per cent in early trade on 18 September after SmallCap World Fund increased its stake in the company.
At 10.40 a.m., Five-Star Business Finance shares were trading 2.68 per cent higher at Rs 705.12 on the BSE.
Foreign firm SCHF PV Mauritius sold 30.19 lakh shares or 1.03 per cent stake in the non-banking finance company at an average price of Rs 700.15 per share, amounting to Rs 211.35 crore. It holds 1.2 per cent stake in the company. However, foreign portfolio investor Smallcap World Fund Inc was the buyer of all Five-Star shares in this deal, in addition to its current holding of 1.64 percent or 47.78 lakh shares as of June 2023.
