Five-Star Business shares slip 9% as AUM guidance cut disappoints Street
Thu, Oct 31, 2024 2:57 PM

Five-Star Business shares slip 9% as AUM guidance cut disappoints Street

A Flip by Shubhangi Gupta
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Shares of Five-Star Business Financed extended their decline on October 31, sliding another 9% to Rs 698 after a 13% drop on October 30. The two-day fall has brought the stock down by nearly 19%, despite the company’s strong quarterly performance for the September period. The sell-off began Wednesday when the company, in its earnings call, revised its AUM growth outlook down to 25%.

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