India's Five Star Business Finance hits record high on qtrly profit rise

Five-Star Business Finance

31/07/2023 07:24

** Shares of non-banking finance company Five Star Business
Finance  FIVS.NS  up as much as 13.1%, hitting a record high of
819.7 rupees 
    ** Stock posts biggest intraday pct gain since Dec. 6, 2022
    ** Co's profit for the June qtr rose 31.2% to 1.84 bln
rupees ($22.37 mln), while interest income jumped 38.3% to 4.64
bln rupees 
    ** Stock on track for sixth consecutive session of gains, if
trends hold 
    ** More than 1.3 mln shares change hands by 11:46 a.m. IST,
3.7x the 30-day moving avg
    ** As of last close, stock up 18% YTD


($1 = 82.2610 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))