Arman Financial Services Ltd another listed microfinance stock hits upper circuit

Arman Financial Services Ltd a listed non banking financing company that had recently ventured into the microfinance field has seen it’s stock price double in less than ten trading sessions.Arman Financial Services Ltd was primarily into commercial vehicle financing and leasing since it’s inception.But early last year it began it’s microfinance operations with the help of Sanchetna Microfinance and currently has a little less than 5000 clients.

Arman Financial Services is headquartered in Ahmedabad,Gujarat and was formerly known as Arman Finance and Lease Ltd.It is listed on the Bombay Stock Exchange and has been hitting the upper circuit of 5% through out this week. It was trading at Rs 8 at the starting of this month has touched a 52 week high of Rs 15.32 at the end of today’s trading session.There was an outstanding demand for 2900 shares with no sellers.Latest Price Quote of Arman Financial Services on BSE

Arman Financial Services Microfinance

Price Chart of Arman Financial Services over one year.

Arman Financial Services is a thinly traded stock on the Bombay Stock Exchange and has a two week average traded quantity of only 4,658 shares per day.Other listed microfinance companies who have seen their stock prices soar are Capital Trust and SE Investments Pvt Ltd.

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