India's Five-Star Business Finance falls after multiple block deals

Five-Star Business Finance

01/09/2023 05:56

** Shares of Five-Star Business Finance  FIVS.NS  fall as
much as 4.8% to 729 rupees
    ** Over 1.5 mln shares change hands in eight separate block
deals in the 729-739 rupees apiece range as of 10:01 a.m. IST
-Refinitiv 
    ** Private equity investors likely to sell about 8.8% stake
in FIVS via block deal, CNBC-TV18 reports, citing sources
    ** FIVS did not immediately respond to Reuters' request for
comment
    ** Trading vol over 3.5 mln shares as of 10:13 a.m. IST,
6.2x the 30-day moving avg 
    ** All five analysts tracking stock rate it "buy" or higher;
median PT is 840 rupees - Refinitiv data
    ** As of last close, stock up ~25% this year 

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))