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Fusion Microfinance’s scary Q2 shows all that is wrong among microlenders

Fusion’s problems represent all that is wrong with the microfinance industry, mainly loose underwriting process.

CLSA downgrades Fusion Finance to 'underperform', slashes target price on higher provisions

In an exchange filing, the company said that it will make an estimated credit loss (ECL) provisioning of up to Rs 550 crore in Q2FY25, up from Rs 348 crore provision in Q1FY25.

Fusion Finance crashes 10%, hits 52-week low on Investec's 'Sell' downgrade

Fusion Finance's profit warnings signals a "deeper trouble" and this fear may trigger a downward spiral - be it credit downgrade, funding challenges, or loan book decline

Reduce Fusion Micro Finance; target of Rs 385: ICICI Securities

ICICI Securities recommended reduce rating on Fusion Micro Finance with a target price of Rs 385 in its research report dated August 07, 2024.

Fusion Micro Standalone June 2024 Net Sales at Rs 688.32 crore, up 29.61% Y-o-Y

Fusion Micro Standalone March 2024 Net Sales at Rs 645.99 crore, up 28.97% Y-o-Y

Fusion Micro Standalone December 2023 Net Sales at Rs 593.03 crore, up 29.31% Y-o-Y

Bulk Deals: Tata AIA Life picks Rs 145 cr shares of Zen Tech; India Acorn, Whiteoak, Ashoka India buy 4.9% stake in Onward Tech

Promoter Tara Dutt Atluri sold 15 lakh shares or 1.78 percent stake in Zen Technologies

Fusion MFI jumps 8%; Warburg Pincus offloads 10% stake for Rs 780 crore

After the stake sale, Warburg Pincus's total shareholding will come down to 29.97 percent.

Block deal: Warburg Pincus arm to sell 9.25% stake in Fusion Micro Finance

The deal size is valued at Rs 500 crore, with the floor price set at Rs 535 per share. This marks a discount of 4.9 percent as against the current market price

Fusion Micro Finance slips 2% on reports of Warburg Pincus' plan to cut stake

Warburg Pincus holds a 39.22 percent stake in Fusion Micro Finance through its arm Honey Rose

Buy Fusion Micro Finance; target of Rs 800: ICICI Securities

ICICI Securities is bullish on Fusion Micro Finance recommended buy rating on the stock with a target price of Rs 800 in its research report dated November 08, 2023.

Buy Fusion Micro Finance; target of Rs 810: Emkay Global Financial

Emkay Global Financial is bullish on Fusion Micro Finance has recommended buy rating on the stock with a target price of Rs 810 in its research report dated November 07, 2023.

Fusion Micro Standalone September 2023 Net Sales at Rs 546.64 crore, up 24.33% Y-o-Y

Buy Fusion Micro Finance; target of Rs 800: ICICI Securities

ICICI Securities is bullish on Fusion Micro Finance recommended buy rating on the stock with a target price of Rs 800 in its research report dated August 04, 2023.

Buy Fusion Micro Finance; target of Rs 810: Emkay Global Financial

Emkay Global Financial is bullish on Fusion Micro Finance has recommended buy rating on the stock with a target price of Rs 810 in its research report dated August 03, 2023.

Fusion Micro Standalone June 2023 Net Sales at Rs 531.07 crore, up 54.96% Y-o-Y

Fusion Micro Finance darts up after Q1 profit soars 60%

Total income increased by 53.36 percent YoY to Rs 552.78 crore from Rs 360.45 crore in Q1 FY23.

Motilal Oswal Financial initiates coverage of 3 microfinance institutions

CREDAG, Fusion, and Spandana together have a 27 percent share of the loans in the non-banking financial company-micro finance institution sector

Gainers & Losers: 10 Stocks that moved the most on May 23

The Sensex was up 18.11 points or 0.03 percent at 61,981.79, and the Nifty was up 33.60 points or 0.18 percent at 18,348.00. About 1,711 shares advanced, 1,694 shares declined, and 107 shares unchanged.

Fusion Micro Finance rallies 3% on robust Q4 results

The company reported its net interest income (NII) at Rs 273.75 crores, clocking a 10.51 percent growth on a quarter-on-quarter basis. Whereas profit after tax (PAT) for the quarter was reported at Rs 114.52 crores clocking a growth of 11.77 percent.

Fusion Micro Standalone March 2023 Net Sales at Rs 500.89 crore, up 42.92% Y-o-Y

Fusion Micro rallies 3% on the back of 37% surge in assets under management

Geographical reach of the company expanded by entering 2 new states during FY2022-23, totaling the company's business presence in 20 states. Total number of branches grew 16% YoY at 1,086 branches as on 31st March, 2023 as compared with 934 branches as on 31st March, 2022 as per the filing.