Spandana Sphoorty soars 19% on heavy volumes; zooms 50% in 7 days

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Spandana Sphoorty soars 19% on heavy volumes; zooms 50% in 7 days - Business Standard

Quick Summary:

Spandana Sphoorty's capitalisation profile remains comfortable with a capital adequacy ratio (CAR) of 36.0 per cent and gearing of 2.5 times as on December 31, 2024.

In the past seven trading days, the stock price of the microfinance institution (MFI) has zoomed 50 per cent on hopes of improvement in business outlook.

The company provides micro loans with a tenure of 1-2 years to women borrowers from low-income households for income generation activities like agriculture, handlooms & handicrafts, cattle rearing, cottage industries & micro entrepreneurial ventures like tailoring, grocery stores amongst others, education and healthcare.