{"id":109240,"date":"2023-09-07T12:29:40","date_gmt":"2023-09-07T06:59:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109240"},"modified":"2023-09-07T12:29:45","modified_gmt":"2023-09-07T06:59:45","slug":"smallcap-stock-jumps-up-to-5-after-fii-buys-4-54-lakh-shares-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-5-after-fii-buys-4-54-lakh-shares-in-the-company\/","title":{"rendered":"Smallcap stock jumps up to 5% after FII buys 4.54 Lakh shares in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2275514711\"><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>This NBFC stock gained 5% in the first half of the market today as SmallCap World Fund Inc. buys 0.57% stake in the company for Rs. 75 crore. The identity of the seller is yet to be known.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2303365305\"><!-- 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>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AAVAS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Aavas Financiers<\/a><\/strong> opened at Rs. 1654.95 per share and traded nearly 4% higher to reach its intra- day high of Rs. 1696.70 per piece. The stock is currently trading at a discount of 28.76%. In the last three years, the stock has gained a total of 21.85%.<\/p><p>According to NSE, On 6 September 2023, Foreign Institutional Investor (FII) SmallCap World Fund Inc. under American Funds in the USA bought 0.57%, 4.54 lakh equity shares of face value of Rs. 10 each at Rs. 1654 per share for an aggregated amount of Rs. 75.11 crore.<\/p><p>The company has a market capitalization of Rs. 12,924 crore. Comparing its financial performance on a QoQ basis, the company made a revenue of Rs. 449.69 crore in Q4FY23 which increased by 3.8% to Rs. 466.97 crore in Q1FY24. However, its net profit saw a fall of 15.4% from Rs. 126.83 in Q4FY23 to Rs. 109.83 in Q1FY24.<\/p><div class=\"trade-content_5\" id=\"trade-4194967084\"><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>Aavas Financiers Limited is a non- banking financial company incorporated in 2011. AAVAS generally works with consumers in semi-urban and rural areas who fall into the low- and middle-income bracket to provide housing loans. The company provides all ranges of house loans with low interest rates.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-2711045497\"><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>This NBFC stock gained 5% in the first half of the market today as SmallCap World Fund Inc. buys 0.57% stake in the company for Rs. 75 crore. The identity of the seller is yet to be known. Share price of Aavas Financiers opened at Rs. 1654.95 per share and traded nearly 4% higher to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[9592,9591,948,936,11796],"class_list":["post-109240","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-stock-market","tag-stock-market-news","tag-why-is-aavas-financiers-share-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>Smallcap stock jumps up to 5% after FII buys 4.54 Lakh shares in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This NBFC stock gained 5% in the first half of the market today as SmallCap World Fund Inc. buys 0.57% stake in the company for Rs. 75 crore. 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