India's Five-Star Business Finance up as Motilal Oswal initiates with 'Buy'

Five-Star Business Finance

14/05/2024 11:18

** Shares of Five-Star Business Finance  FIVS.NS  up 3.6% at
748.1 rupees
    ** Rise after brokerage Motilal Oswal initiates coverage on
stock with "Buy", PT of 950 rupees 
    ** PT is second highest among eight brokerages covering the
stock, their median PT is 915 rupees, avg. rating is "Buy"
    ** The non-banking financial co's market share of 20%
suggests it can continue to gain more share over medium term
through branch expansions - Motilal
    ** Expects co to command premium valuations compared to its
peers, on ability to deliver strong return on assets, niche
market position, superior underwriting practices
    ** Sees co's loan against property segment to deliver
combination of healthy growth and strong profitability
    ** Stock up 1.8% so far this year

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))