{"id":104579,"date":"2023-06-27T14:20:00","date_gmt":"2023-06-27T08:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104579"},"modified":"2023-06-27T14:17:42","modified_gmt":"2023-06-27T08:47:42","slug":"small-cap-stock-jumps-up-to-5-after-societe-generale-buys-partial-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-up-to-5-after-societe-generale-buys-partial-stake-in-the-company\/","title":{"rendered":"Small cap stock jumps up to 5% after Societe Generale buys partial stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2040517081\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The stocks of Aavas Financiers Limited started their trading session today at Rs 1,477 and currently trade for Rs 1,511. The scrip witnessed an intra-day high price of Rs 1,537 indicating a gain of almost 5 percent compared to the previous closing levels of Rs 1,463.20.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3889481770\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the data available on the National Stock Exchange (NSE), Smallcap World Fund, a Foreign Institutional Investor in the company, sold 7.70 Lakh equity shares, equating to a 0.97 percent stake, at an average price of Rs 1,437.74. As per the March 2023 quarter, the Fund had a stake of 7.99 percent.&nbsp;<\/p><p>Further, the Bulk Deal data showed that Societe Generale, another foreign investor, bought a partial stake of 0.50 percent by way of buying 3.96 Lakh equity shares at an average price of Rs 1,427.21.&nbsp;<\/p><p>The latest financials of the <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AAVAS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Aavas Financiers<\/a><\/strong>, on a consolidated basis, have shown decent improvements with the operating revenues going up from Rs 1,304 crores during FY21-22 to Rs 1,608 crores in FY22-23. Moreover, the net profit numbers, during the same time horizon, took a shift from Rs 355 crores to Rs 429 crores.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2892390131\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Coming onto the profitability ratios, the return on equity (ROE) increased from 12.65 percent during FY21-22 to 13.14 percent in FY22-23 and the return on capital employed (ROCE), keeping the timeframe the same, showed a drastic movement from 8.58 percent to 34.03 percent.&nbsp;<\/p><p>The shareholding pattern exhibits the Promoters holding a 39.14 percent stake, and Foreign Institutional Investors (FIIs) holding a 38.83 percent stake in the company.&nbsp;<\/p><p>Aavas Financiers Limited is engaged in the business of providing \u2018Housing Loans\u2019 to customers who generally belong to the low and middle-income segments. The product portfolio includes home loans, micro, small and medium enterprise (MSME) loans, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4146035137\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The stocks of Aavas Financiers Limited started their trading session today at Rs 1,477 and currently trade for Rs 1,511. The scrip witnessed an intra-day high price of Rs 1,537 indicating a gain of almost 5 percent compared to the previous closing levels of Rs 1,463.20.&nbsp; According to the data available on the National Stock [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9592,9591,9594,948,936,9593],"class_list":["post-104579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-aavas-financiers-latest-news","tag-aavas-financiers-share-price","tag-aavas-financiers-stake-sel","tag-stock-market","tag-stock-market-news","tag-why-is-aavas-financiers-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small cap stock jumps up to 5% after Societe Generale buys partial stake in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The stocks of the company started their trading session today at Rs 1,477 and currently trade for Rs 1,511. 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