Poonawalla Fincorp hits 52-week high; stock soars 44% in a month

In the past six months, the stock has been more-than-doubled or zoomed 110 per cent, as compared to 3.3 per cent decline in the S&P BSE Sensex.


Shares of Poonawalla Fincorp (formerly known as Magma Fincorp) hit 52-week high of Rs 343.75, after rallying 8 per cent on the BSE in Wednesday’s intra-day trade on healthy earnings hopes. The stock of Cyrus Poonawalla group promoted non-banking finance company (NBFC) has zoomed 44 per cent in the past one month, as compared to 6 per cent gained in the S&P BSE Sensex.

At 10:24 am; Poonawalla Fincorp traded 6 per cent higher at...read more

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