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Major Update for Investors of
POONAWALLA
is currently trading at Rs. 353.30, up by 8.30 points or 2.41% from its previous closing of Rs. 345.00 on the BSE.
The scrip opened at Rs. 354.00 and has touched a high and low of Rs. 355.70 and Rs. 346.40 respectively. So far 29761 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 513.95 on 22-Apr-2024 and a 52 week low of Rs. 267.25 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 364.15 and Rs. 317.70 respectively. The current market cap of the company is Rs. 27533.93 crore.
The promoters holding in the company stood at 62.36%, while Institutions and Non-Institutions held 19.03% and 18.61% respectively.
Poonawalla Fincorp (PFL) has launched its Shopkeeper Loan Business. The solution addresses key financial challenges faced by small retailers and kirana stores, including cash flow, inventory, and customer management, while enhancing their operational efficiencies. Building on its vision to become the preferred financier for the self-employed segment, PFL aims to enhance the competitiveness of small retail businesses through its customized financial solutions.
Small retailers and kirana stores form an integral part of India's traditional domestic trade, contributing significantly to local economies across semi-urban and smaller towns. However, they have historically relied on family funding. PFL believes there is a great and attractive opportunity to bring them into formal credit.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).#IndexStrategies#Today’sTradingSetup#TechnicalViews#FundamentalViews#EquityResearch
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