Equitas Holdings stock investors alert - shares jump 33% in last two sessions, as subsidiary company reports steady Q1 business
Equitas Holdings shares jumped over 12 per cent to hit a new 52-week high of Rs 124.7 per share on the BSE intraday trade on Thursday, as the subsidiary Equitas Small Finance Bank reported a steady Q1 performance in a business update on Wednesday.
Equitas Holdings shares jumped over 12 per cent to hit a new 52-week high of Rs 124.7 per share on the BSE intraday trade on Thursday, as the subsidiary Equitas Small Finance Bank reported a steady Q1 performance in a business update on Wednesday.
Equitas Holdings held an 81.98 per cent stake in Equitas SFB as of March 31, 2021, and its shares have jumped nearly 33 per cent in the last two sessions since the business announcement of Equitas SFB. The stock was trading close to its 2-year high and its highest level since July 18, 2019.
See Zee Business Live TV Streaming Below:
On the contrary, Equitas SFB shares after hitting a new high yesterday, are trading near the day’s low level today at Rs 64.35 per share, down over 5 per cent on the BSE intraday amid profit booking.
At around 12:10 pm, Equitas Holdings shares were near 4 per cent at Rs 115.45 per share as compared to a 0.48 per cent decline in the S&P BSE Sensex. Trading volumes on the counter jumped over six-fold with a combined 18.99 million shares have changed hands on the NSE and BSE till early trade.
Equitas SFB reported over 14 per cent growth year-on-year basis in gross advances to Rs 17,800 crore, while it broadly flat quarter on quarter (QoQ) basis in the first quarter of fiscal 2022. The muted trends were primarily attributed to the Covid-19 lockdowns in core states/territories.
On the asset quality front, collection efficiency trends declined sharply to 77.8 per cent in May’21, relative to 108.5 per cent in Mar’21 and 105.2 per cent in Apr’21. However, they showed some recovery to 83.5 per cent in June’21.
At around 12:10 pm, the shares of Equitas SFB were trading near 4 per cent lower at Rs 65 apiece, after hitting a low of Rs 64.35 on the BSE in intra-day trade. The counter on Wednesday closed 15 per cent higher at Rs 67.65 per share.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:18 PM IST