Spandana Sphoorty - Returns Ratios Likely To Improve: HDFC Securities

Spandana Sphoorty - Returns Ratios Likely To Improve: HDFC Securities

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BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Retail Research

Spandana Sphoorty Financial Ltd., under the guidance of Kedaara Capital (key investor) and the new management team, is taking steps to ensure smooth transition, post the exit of its founder Ms Padmaja Reddy. The new Managing Director and Chief Financial Officer (Mr. Shalabh and Mr. Ashish Damani respectively) come with a vast experience which could be instrumental in sailing the company out of the current situation.

The recent easing of regulation by Reserve Bank of India for microfinance companies could aid in increase in the business for Spandana Sphoorty which has witnessed a 14% YoY de-growth in assets under management in Q3 FY22.

Click on the attachment to read the full report:

HDFC Securities Retail Research Spandana Sphoorty - Stock Update.pdf
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