Explained: Why Spandana Sphoorty share price surged over 15% today
1 day, 11 hours ago

Explained: Why Spandana Sphoorty share price surged over 15% today

India Today  

Shares of Spandana Sphoorty Financial surged more than 15% on January 8, hitting an intraday high of Rs 472, driven by a significant influx of trading volumes. At around 10 am, Spandana Sphoorty shares were trading at Rs 461.40 on the National Stock Exchange, marking a remarkable 35% gain in just two days. Today's surge came after the stock's 20% upper circuit hit in the previous session, which also saw high trading volumes, the highest in the last 10 weeks. The stock's sharp rise follows a challenging period for Spandana Sphoorty, which had faced pressure due to a deterioration in its microfinance asset quality and profitability.

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