Poonawalla Fincorp rises on foraying into education loans business

Poonawalla Fincorp is currently trading at Rs. 291.60, up by 3.35 points or 1.16% from its previous closing of Rs. 288.25 on the BSE.
The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 292.90 and Rs. 287.70 respectively. So far 9800 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. 292.90 and Rs. 267.25 respectively. The current market cap of the company is Rs. 22686.78 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 an education loan business focusing on students pursuing higher education in international universities. The offering aims at providing faster turnaround time and quick sanctions to deliver hassle-free experience. As part of this launch, the company has also announced an industry-first initiative of providing instant sanction for education loans. This seamless, technology-driven financing experience is available to both new and existing PFL customers.
The launch of the education loan business is part of PFL’s strategic expansion plan to diversify its product offerings and deliver comprehensive financial solutions. The company recently launched the digital prime personal loan for salaried professionals.
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).



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