Five-Star Business Finance Limited (NSE: FIVESTAR, BSE: 543663) is in focus in Friday’s session, with the stock seeing unusually high trading volumes and renewed interest from both retail and institutional investors on 28 November 2025.
As of mid-session on Friday, the stock has been oscillating around the ₹590–₹600 zone, modestly higher than its previous close near ₹589–₹590 per share. Different live feeds show intraday prices in a narrow band: Business Standard, for example, reports ₹592.25 on the BSE around 12:24 pm, up slightly from a previous close of ₹589.50. [1]
Below is a detailed look at how the stock is trading today, what’s driving the activity, and how fundamentals and analyst views line up.
Five-Star Business Finance share price today: key market snapshot
- Price range today (intraday): Data from multiple platforms suggest an intraday high around ₹623–₹624 and lows just below ₹590. Investing.com’s historical tick shows an open near ₹592, high of about ₹623.7 and low of ~₹589.4 for 28 November. [2]
- Live price zone: Midday quotes on major sites (Business Standard, ICICI Direct, ETMoney, Screener, Tickertape) cluster between ₹590 and ₹600, with readings such as ₹592.2, ₹595, ₹598.5 and ₹603 depending on the snapshot time. [3]
- Market capitalisation: Around ₹17,400–₹17,600 crore, based on current market price and data from Business Standard, Screener and Tickertape. [4]
- 52-week range: The stock remains well below its peak, with a 52-week high near ₹850–₹850.45 and low around ₹501–₹501.20 as of 28 November 2025. [5]
That places Five-Star Business Finance firmly in “off-the-highs but not distressed” territory: roughly 30–35% below its 52-week high, yet comfortably above its 52-week low.
28 November 2025: high-volume action puts FIVESTAR on traders’ radar
The real story today is volume.
A MarketsMojo report published on Friday highlights that Five-Star Business Finance has turned into one of the most actively traded counters by value on 28 November 2025, with value turnover of roughly ₹240–₹245 crore and volume close to 4 million shares in early trade. The piece notes an intraday move from an open around ₹592 to a high near ₹624.4, before quoting a last traded price of about ₹609.5 in the morning session. [6]
Separately, a Moneycontrol live market blog flags Five-Star Business Finance as a “NSE volume shocker” at around 11:02 am:
- CMP: ₹598.50
- Intraday gain: ~1.5% at that time
- Today’s volume: about 4.68 million shares
- 5-day average volume: roughly 0.30 million shares
That implies a volume spike of over 15 times the recent average, an unusually strong burst of activity for this NBFC. [7]
MarketsMojo also notes that the stock has seen strong delivery-based volumes on 27 November, with delivered quantity significantly higher than the recent five-day average. This pattern—heavy delivery volumes followed by a high-turnover day—often points to a mix of institutional participation and active repositioning by larger traders. [8]
In short, 28 November 2025 is shaping up as a liquidity-heavy session for Five-Star Business Finance, even if price gains so far are relatively modest versus the intraday high.
Valuation snapshot: mid-teens P/E, moderate P/B
On current numbers:
- Trailing P/E: Around 15–16x, according to Screener and Tickertape. [9]
- Price-to-book (P/B): Roughly 2.7–2.8x, slightly above sector averages cited on Tickertape. [10]
- Dividend yield: About 0.3–0.35%, reflecting a still growth-oriented payout profile. [11]
- Return ratios: ROE around 18–19%, ROCE roughly 16–17% over the latest reported year. [12]
Relative to other listed NBFCs, this leaves Five-Star neither in deep-value territory nor in the ultra-expensive bucket: it trades at a discount to premium names like Bajaj Finance, but at a premium to weaker, slower-growing lenders.
Business profile: niche secured lender to small entrepreneurs
Five-Star Business Finance is a non-deposit-taking NBFC (NBFC-ND-SI) focusing on secured loans to micro-entrepreneurs and self-employed individuals, primarily in South India. [13]
Key characteristics:
- Loans are typically small-ticket secured business loans and small mortgages, backed by property. [14]
- The company has expanded aggressively, with around 800 branches across 11 states and union territories as of the September 2025 quarter, according to its latest results commentary. [15]
- It is part of multiple small-cap and diversified financial indices such as Nifty Smallcap 100, Nifty Smallcap 250 and BSE SmallCap, which ensures steady passive inflows and visibility among small-cap investors. [16]
This “secured yet small-ticket” niche has historically allowed the company to deliver strong profit growth (30%+ CAGR over five years) while maintaining relatively controlled credit losses. [17]
Q2 FY26 results: growth intact, but asset quality under sharper scrutiny
The current trading action comes against the backdrop of Q2 FY26 earnings, announced on 29 October 2025.
According to ICICI Direct’s rapid results summary: [18]
- Total income: ~₹807 crore, up about 14% year-on-year.
- Profit before tax (PBT): ~₹382 crore, up 7% YoY.
- Profit after tax (PAT): ~₹286 crore, also around 7% YoY growth.
- ROA: roughly 7.5% for the quarter (still very strong, but lower than peak levels).
- ROE: about 16.9%, down compared to the 18–19% levels seen previously.
- Disbursements: about ₹1,196 crore, slightly lower than the ₹1,251 crore in Q2 FY25.
- AUM: ~₹12,847 crore, up 18% YoY and about 3% QoQ.
- Collection efficiency: overall collection efficiency ~96.7%, unique customer collection ~95.1%.
- Liquidity: the company reported liquidity of roughly ₹2,360 crore, with the cost of funds easing slightly as new borrowings came in at around 8.56%, lower than the previous quarter.
Brokerage notes aggregated on Trendlyne and NDTV Profit describe Q2 as a “soft but stable” quarter: growth moderated, net interest margins compressed a bit, and credit costs ticked up, but overall profitability and asset quality remained at levels many peers would still envy. [19]
However, asset quality trends have become more nuanced. Research from Motilal Oswal and ICICI Securities (summarised on Trendlyne) points out:
- Stage 3 (gross NPA) ratio has risen to around 2.5% from 1.8% quarter-on-quarter.
- 30+ days past due (DPD) bucket has climbed to roughly 11.3% from 9.65% earlier, indicating more stress in early delinquency buckets, especially in the smaller loan segments. [20]
Management commentary and broker research converge on a similar narrative:
the company is tightening underwriting in specific ticket sizes, tilting towards slightly higher ticket and better-quality borrowers, while continuing to invest in branch expansion and technology.
Analyst view: consensus “buy” with solid upside from current levels
Despite the recent wobble in asset quality metrics, sell-side sentiment remains largely positive.
- Trendlyne’s consensus share price target for Five-Star Business Finance, updated 28 November 2025, stands around ₹748–₹749 per share, implying roughly 27% upside from a reference price near ₹589–592. The consensus stance is categorised as a “buy”. [21]
- A Motilal Oswal report dated late October (via NDTV Profit) reiterates a buy rating, arguing that, even after a softer Q2, Five-Star can still deliver ROA of around 6.7% and ROE of ~17% by FY28, driven by robust AUM growth and stabilising credit costs. [22]
- Tickertape’s analyst summary shows a very high proportion of “buy” recommendations (around 90%+) from a panel of roughly 11 analysts, with the platform’s own scoring flagging strong profitability but average growth and elevated volatility. [23]
In other words, the Street largely views the recent stock correction and the current mid-teens P/E multiple as an opportunity, provided asset quality doesn’t deteriorate materially from here.
Shareholding pattern: FIIs dominate, promoters step back
Updated shareholding data for September 2025 reveal an ownership profile that is heavily institutional: [24]
- Promoters: 18.57%
- Foreign institutional investors (FIIs): 55.8%
- Domestic institutional investors (DIIs): ~12.2%
- Retail / public: ~13.5%
This is a strikingly FII-heavy share register for a small-cap NBFC, reflecting strong global investor interest in the company’s niche franchise.
At the same time, promoter shareholding has gradually declined from over 26% in FY24 to 18.6% by September 2025, largely due to stake dilution and institutional participation after listing. [25]
For investors, this has two implications:
- High institutional ownership can be a vote of confidence, but
- It can also amplify volatility if large global funds decide to reallocate away from mid- and small-cap financials.
Regulatory and disclosure updates
Recent regulatory filings, tracked on Moneycontrol’s corporate announcements page, show a series of standard compliance updates:
- On 29 October 2025, the company filed financial results for Q2 FY26, an investor presentation and a “statement of nil deviation” under Regulation 32, confirming that there is no material deviation in the use of IPO proceeds. [26]
As of the information available on 28 November 2025, there is no fresh price-sensitive corporate announcement (like a major M&A deal, capital raise, or management change) specifically driving today’s move; the action appears primarily volume-and-sentiment driven, against an already well-telegraphed fundamental backdrop.
Why the stock is in focus today
Putting it all together, here’s what 28 November 2025 tells us about Five-Star Business Finance:
- Liquidity surge
- The stock is seeing multi-million-share volumes, more than ten times its recent average, and is featuring on exchange and media lists of the day’s top volume shockers. [27]
- Price moves are significant but not euphoric
- Despite an early intraday spike towards ₹620+, the name is currently trading closer to ₹590–₹600, translating into a single-digit percentage move rather than a runaway rally. [28]
- Fundamentals remain strong but more complex
- Earnings are still growing, AUM is expanding at high teens, and ROA/ROE remain among the best in the NBFC space.
- However, early delinquency buckets and Stage 3 assets have inched up, and credit costs are trending higher than in the ultra-benign period of FY23–FY24. [29]
- Street is still constructive
- Consensus target prices and broker commentaries indicate continued confidence in the long-term franchise, with upside implied from current levels, even after factoring in near-term asset-quality noise. [30]
- Ownership structure amplifies moves
- Heavy FII participation means that macro risk appetite for India small caps and financials can quickly translate into sharp swings—today’s volume burst is likely reflecting such flows as much as stock-specific news. [31]
Key risks and what to watch next
For anyone tracking Five-Star Business Finance from here, the next set of data points that will matter include:
- Q3 and Q4 FY26 asset quality: whether Stage 3 and 30+ DPD stabilise or continue rising will probably be the single most important driver of valuation in the medium term. [32]
- Margin trajectory: with borrowing costs easing slightly and competitive intensity rising, how net interest margins behave across FY26–FY27 will determine whether ROA stays closer to 7–7.5% or trends lower. [33]
- Branch productivity and disbursement growth: management has expanded to ~800 branches; the ability to scale disbursements without compromising underwriting will be critical. [34]
- Regulatory environment for NBFCs: any fresh tightening of rules around risk weights, capital requirements or loan-to-value norms can disproportionately impact high-growth NBFCs like Five-Star.
Bottom line
On 28 November 2025, Five-Star Business Finance Limited is not just another NBFC ticker quietly drifting along. It is:
- Trading with unusually high turnover,
- Sitting at a mid-valuation zone after a sizeable correction from 52-week highs,
- Backed by solid but slightly decelerating fundamentals, and
- Still rated a buy by most covering analysts, with a consensus target meaningfully above today’s price. [35]
References
1. www.business-standard.com, 2. www.investing.com, 3. www.business-standard.com, 4. www.business-standard.com, 5. www.business-standard.com, 6. www.marketsmojo.com, 7. www.moneycontrol.com, 8. www.marketsmojo.com, 9. www.screener.in, 10. www.tickertape.in, 11. www.screener.in, 12. www.screener.in, 13. www.screener.in, 14. www.tickertape.in, 15. www.icicidirect.com, 16. www.screener.in, 17. www.screener.in, 18. www.icicidirect.com, 19. www.ndtvprofit.com, 20. trendlyne.com, 21. trendlyne.com, 22. www.ndtvprofit.com, 23. www.tickertape.in, 24. choiceindia.com, 25. www.screener.in, 26. www.moneycontrol.com, 27. www.marketsmojo.com, 28. www.marketsmojo.com, 29. www.icicidirect.com, 30. trendlyne.com, 31. choiceindia.com, 32. trendlyne.com, 33. www.icicidirect.com, 34. www.icicidirect.com, 35. trendlyne.com
