Poonawalla Fincorp rallies over 4% to hit a 52-week high; here’s why

Shares of Poonawalla Fincorp rose to a 52-week high after four entities settled an alleged insider trading case with SEBI, paying ₹10.97 crore in settlement charges. The settlement concluded the proceedings initiated against the entities, as stated in two settlement orders by SEBI.

Poonawalla Fincorp jumps 6% on record net profit in Q3; up 24% in a month

On Monday, the company reported its highest-ever net profit of ₹150 crore in Q3FY23, an increase of 88% when compared to a net profit of ₹80 crore in Q3FY22. Following the strong performance, the stock rose 6.13% to ₹307.80 in Tuesday's trade.

MOSL sees 25% upside in this NBFC stock that has gained 50% in last one year

Poonawalla Fincorp has risen nearly 50 percent in the last 1 year from its 52-week low of ₹192, hit on December 27, 2021. It has also given consistent returns in the last 10 years, up 250 percent from ₹80 in December 2012.

Poonawalla Fincorp has rallied over 1000% in 2 years; Is it still a buy?

In the last 1 year, the stock has advanced 64 percent since completing its merger with Magma Fincorp. It has added 17 percent in July 2022. In the 2 trading sessions of August, it has risen 7 percent.

Top Poonawalla Fincorp News

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Poonawalla Fincorp rallies over 4% to hit a 52-week high; here’s why

markets

Poonawalla Fincorp jumps 6% on record net profit in Q3; up 24% in a month

markets

MOSL sees 25% upside in this NBFC stock that has gained 50% in last one year

markets

Poonawalla Fincorp has rallied over 1000% in 2 years; Is it still a buy?