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Why did the share of Five-Star Business Finance jump by 3%? This was the question on everyone’s mind. Shares of non-banking financial company (NBFC) Five Star Business Finance rose 2.83 percent to Rs 686 per share during intraday deals on the National Stock Exchange (NSE) on Tuesday, March 18, 2025.
Why is the stock of Five-Star Business Finance on the rise?
The surge in Five Star Business Finance share price came as the board of directors of the company, in its meeting held on Monday, March 17, 2025, has recommended and approved the issuance of non-convertible debentures (NCDs) up to Rs 4,000 crore through private placement in one or more tranches and/or series from time to time.
Five-Star Business Finance Company Overview
Founded in 1984, Five-Star Business Finance is an NBFC-ND-SI that provides secured business loans to microentrepreneurs and individuals. The company primarily offers loans for business, home construction, and other needs and has a strong position in South India. As of March 18, 2025, Five-Star Business Finance has a market capitalization of Rs 20,150.80 crore on NSE. This NBFC is part of the Nifty 500 index on the NSE.
Five-Star Business Finance shares have fallen nearly 2 percent in the last one month, 11 percent in the last six months, while they have gained nearly 6 percent in the last one year. Five-Star Business Finance share price is down nearly 13 percent so far this year. The 52-week range of this NBFC stock has been Rs 943.75 to Rs 614 per share on the NSE.
At around 2:08 pm on Tuesday, Five-Star Business Finance shares were trading at Rs 680 per share, up 1.91 percent from its previous close of Rs 667.25. Around 0.45 million equity shares of Five-Star Business Finance were traded on BSE and NSE today, worth an estimated Rs 32 crore.
The benchmark equity index, BSE Sensex, was trading at 75,112, up 945 points or 1.27 percent, while the Nifty50 was trading at 22,785, up 275 points or 1.22 percent.
Technical Analysis of Nifty/Bank Nifty
The Indian stock market is slowly gaining momentum again. For the second consecutive day, Nifty witnessed a massive rise of 325 points (1.45%). Bank Nifty saw a massive jump of 960 points on Tuesday. 23000 level can be a resistance level for Nifty.
Nifty/Bank Nifty was continuously declining since September 2024. Nifty has shown a great recovery from the level of 21950. Now it remains to be seen how sustainable this boom will be in the coming times or whether there will be selling pressure on the market again.