📉 POONAWALLA Slides Post-Budget, Hits 8-Month Low Amid NBFC Pressure

Shares of

slipped as much as 3% in intraday trade today, extending losses seen after the Union Budget announcement. The stock touched its lowest level in nearly eight months yesterday, reflecting persistent selling pressure. Weak sentiment across the NBFC space weighed on the stock after the government outlined its borrowing programme for FY27 without announcing specific measures to boost credit demand. The absence of supportive cues for lending growth dampened investor confidence, leading to broad-based selling in NBFC counters. As concerns over funding costs and growth visibility linger, stocks like PONAWALLA remain under pressure in the near term. Market participants are closely watching for policy clarity or sector-specific triggers to revive sentiment. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.