Spandana Sphoorty Shares Soar 40% in Just Two Days: What’s Behind the Surge?
Spandana Sphoorty Financial’s stock has been on a remarkable upward trajectory, rising nearly 40% in the past two days. After a 20% jump in the previous session, shares surged another 15% in the morning hours on January 8, 2025. Opening at ₹405, the stock reached as high as ₹463.90, a 15.2% rise, before settling at ₹455.75 by mid-morning.
This strong performance is a sharp contrast to its tough year in 2024. Spandana Sphoorty’s stock saw a significant decline, dropping over 60% from its 52-week high of ₹1,243.10 in January 2024 to a low of ₹305.50 in late December. However, the stock’s 38% gain in January has sparked investor interest, and if this trend continues, it could break an eight-month losing streak.
With this sudden surge, investors are now wondering: Should you buy into the excitement, or is it a temporary rebound? Time will tell, but the recent jump has certainly put Spandana Sphoorty back on the market’s radar.