Spandana Sphoorty Financial Limited - An Efficient Player

Stock Opportunities Not-so-Hidden Gems
22

wow! Its a free fall for Spandana~!

New Management seems action oriented and they talk a good game managing risks. All of MFI is struggling but then, the way Spandana price has gone down makes me wonder whether there is any big surprise awaiting in the Q2 results. Have to wait and see.

I have invested in both Bonds and Equity of Spandana.

2 Likes
23

As you would have seen from the market leader’s results and commentary for Q2, it’s going to be worse for the sector overall.

https://m.economictimes.com/markets/stocks/earnings/creditaccess-grameen-q2-results-profit-drops-46-to-rs-186-crore/articleshow/114591087.cms

2 Likes
24

No kidding! I did not expect GNPA to jump close to 5% in 1 quarter.

And information in the deck does not give me confidence that worst is over.

3 Likes