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FIVESTAR — Five-Star Business Finance News Story

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FinancialsAdventurousMid CapMomentum Trap

India's Five-Star Business Finance jumps after Q2 profit rise

** Shares of Five-Star Business Finance Ltd FIVS.NS rise as much as 7.1% to 575 rupees
** NBFC reported a 6.8% y/y rise in Q2 profit, total rev up 13.9%
** Downtrend we witnessed in Q1 has been arrested in current quarter, we believe to see some green shoots emerging in Q3 and much stronger performance in Q4 - FIVS

** Stock up 0.1% so far in October after three straight monthly losses
** More than 3.7 mln shares traded as of 1:54 p.m. IST, 3.7x their 30-day moving avg
** Mean rating of stock is 'buy'; their median PT is 760 rupees - data compiled by LSEG
** FIVS down 30.6% YTD

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))

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