Shares of Five-Star Business Finance Ltd. plunged over 4% on Friday after 8.5% or 2.48 crore equity shares changed hands in two large trades, according to Bloomberg data.
However, the buyers and sellers were not known immediately.
Five-Star Business Finance's stock was trading 3.48% lower at Rs 739 apiece compared to a 0.39% advance in the benchmark NSE Nifty 50 at 10:28 a.m. The shares fell 4.79% to hit an intra-day low of Rs 729 apiece.
It has risen 20.18% on a year-to-date basis. The total traded volume stood at 186 times its 30-day average. The relative strength index was at 47.59.
Five analysts tracking the non-banking financial company maintain a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 14.6%.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
