Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Spandana Sphoorty Financial Limited
  6. News
  7. Summary
    SPANDANA   INE572J01011

SPANDANA SPHOORTY FINANCIAL LIMITED

(SPANDANA)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Indian shares close down after central bank holds rates steady

06/04/2021 | 06:45am EDT

BENGALURU, June 4 (Reuters) - Indian shares closed slightly lower on Friday after the country's central bank kept interest rates unchanged as widely expected and unveiled liquidity support measures, with investors focusing on rising inflationary pressures.

The NSE Nifty 50 index ended down 0.1% at 15,670, and the S&P BSE Sensex closed down 0.25% at 52,100.05.

For the week, both the indexes rose over 1% to their third straight week of gains.

The country's benchmark 10-year bond yield ended at 6.032%, while the Indian rupee closed at 72.99 against the dollar, mostly flat.

The Reserve Bank of India (RBI) held the repo rate , its key lending rate, at 4% and kept the reverse repo rate, the borrowing rate, unchanged at 3.35%.

Supply constraints due to coronavirus curbs and rising input costs, on the back of higher commodity prices, could fuel inflation, the RBI said.

Analysts said there were no major surprises to lift the markets higher, even though the central bank assured ample liquidity.

"There seems to be sufficient patience embedded in the guidance for the market not to worry about any imminent shifts in stance," said Suyash Choudhary, head – fixed income, IDFC AMC.

On Friday, the Nifty bank index was the top drag, down 1%.

The blue-chip Nifty 50 and the Sensex have risen over 5% each since the central bank's last meeting in April, boosted by robust corporate results and a fall in daily COVID-19 cases.

Among individual shares, Spandana Sphoorty Financial jumped as much as 20% after reports that Axis Bank was in talks to buy the micro finance company.

Shares of steel forgings maker Bharat Forge ended up about 8% after reporting a March-quarter profit, against a year-ago loss. (Reporting by Nallur Sethuraman in Bengaluru and Savio Shetty in Mumbai; Editing by Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / INDIAN RUPEE (AUD/INR) 0.29% 54.9081 Delayed Quote.-2.23%
AXIS BANK LIMITED -0.59% 749.15 End-of-day quote.20.76%
BANK OF INDIA LIMITED -2.55% 70.8 End-of-day quote.45.53%
BHARAT FORGE LIMITED -1.26% 780.7 End-of-day quote.48.70%
BRITISH POUND / US DOLLAR (GBP/USD) 0.31% 1.39288 Delayed Quote.1.78%
CANADIAN DOLLAR / INDIAN RUPEE (CAD/INR) 0.35% 59.328 Delayed Quote.3.24%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.48% 0.80056 Delayed Quote.1.60%
EURO / INDIAN RUPEE (EUR/INR) -0.06% 87.7852 Delayed Quote.-1.27%
EURO / US DOLLAR (EUR/USD) 0.05% 1.1841 Delayed Quote.-2.82%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.08% 0.013494 Delayed Quote.-1.64%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.32% 0.7058 Delayed Quote.-1.89%
NIFTY 50 0.22% 16294.6 Delayed Quote.16.29%
NIFTY BANK 2.33% 35834.75 Delayed Quote.15.24%
SENSEX 30 0.23% 54492.84 Real-time Quote.12.72%
SPANDANA SPHOORTY FINANCIAL LIMITED -3.34% 614.6 End-of-day quote.-18.12%
US DOLLAR / INDIAN RUPEE (USD/INR) -0.12% 74.098 Delayed Quote.1.61%
All news about SPANDANA SPHOORTY FINANCIAL LIMITED
08/04SPANDANA SPHOORTY FINANCIAL : Raises $40 Million Through Debt Placement
MT
07/15SPANDANA SPHOORTY FINANCIAL : Raises Over $4 Million Through Debt Securities
MT
07/15SPANDANA SPHOORTY FINANCIAL : Crisil Assigns A Rating on Spandana Sphoorty Finan..
MT
07/15Spandana Sphoorty Financial Limited Approves Allotment of Non-Convertible Deb..
CI
07/13Spandana Sphoorty Financial Limited Approves Issuance Non-Convertible Debentu..
CI
06/17SPANDANA SPHOORTY FINANCIAL : Raises Nearly $58 Million Via Debentures
MT
06/04Indian shares close down after central bank holds rates steady
RE
06/04Indian shares close down after central bank holds rates steady
RE
05/22Spandana Sphoorty Financial Limited Announces Audited Standalone and Consolid..
CI
03/11SPANDANA SPHOORTY FINANCIAL : Plans to Invest $7 Million More in Subsidiary
MT
More news
Financials
Sales 2021 9 559 M 129 M 129 M
Net income 2021 2 010 M 27,1 M 27,1 M
Net Debt 2021 - - -
P/E ratio 2021 20,5x
Yield 2021 0,79%
Capitalization 39 528 M 533 M 533 M
Capi. / Sales 2021 4,14x
Capi. / Sales 2022 3,22x
Nbr of Employees 8 224
Free-Float 28,4%
Chart SPANDANA SPHOORTY FINANCIAL LIMITED
Duration : Period :
Spandana Sphoorty Financial Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SPANDANA SPHOORTY FINANCIAL LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 635,85 INR
Average target price 822,50 INR
Spread / Average Target 29,4%
EPS Revisions
Managers and Directors
Gangireddy Padmaja Reddy Managing Director & Director
Satish Kottakota Chief Financial Officer
Deepak Calian Vaidya Non-Executive Chairman
Abanti Mitra Independent Non-Executive Director
Bharat Dhirajlal Shah Independent Director
Sector and Competitors