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Reduce Poonawalla Fincorp Ltd For Target Rs.240 By Emkay Global Financial Services Poonawalla Fincorp reported disappointing Q2 numbers with the credit cost of Rs9.1bn (including Rs6.7bn one-time provisioning on the STPL book) leading to the company posting a Rs4.7bn loss. The management provided comfort by stating that review of the entire portfolio is complete and there should not be any need for additional provision. The company unveiled 6 new products and its omnichannel phygital distribution that shall help it deliver 5-6x AUM growth in the next 6 years. With the Poona...
Reduce Poonawalla Fincorp Ltd For Target Rs.240 By Emkay Global Financial Services
Reduce Poonawalla Fincorp Ltd For Target Rs.240 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-12 02:53:22 pm
Poonawalla Fincorp zooms on signing MoU with TIH at IIT Bombay Poonawalla Fincorp is currently trading at Rs. 370.00, up by 30.60 points or 9.02% from its previous closing of Rs. 339.40 on the BSE. The scrip opened at Rs. 338.65 and has touched a high and low of Rs. 371.70 and Rs. 336.00 respectively. So far 457304 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-Jan-2024 and a 52 week low of Rs. 270.00 on 28-Oct-2024. Last one week high and low of the scrip sto...
Poonawalla Fincorp zooms on signing MoU with TIH at IIT Bombay
Poonawalla Fincorp zooms on signing MoU with TIH at IIT Bombay
Source: Accord Fintech
2024-10-30 12:33:19 pm
Poonawalla Fincorp gains on getting nod to raise funds up to Rs 425 crore through NCDs Poonawalla Fincorp is currently trading at Rs. 389.85, up by 1.65 points or 0.43% from its previous closing of Rs. 388.20 on the BSE. The scrip opened at Rs. 392.55 and has touched a high and low of Rs. 394.75 and Rs. 388.20 respectively. So far 40136 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-Jan-2024 and a 52 week low of Rs. 336.35 on 03-Nov-2023. Last one week high and low of the scrip stood...
Poonawalla Fincorp gains on getting nod to raise funds up to Rs 425 crore through NCDs
Poonawalla Fincorp gains on getting nod to raise funds up to Rs 425 crore through NCDs
Source: Accord Fintech
2024-09-03 10:55:00 am
Reduce Poonawalla Fincorp Ltd For Target Rs. 410 By Emkay Global Financial Services Poonawalla reported a good quarter, with profit, AUM growth, asset quality, and credit cost broadly in-line-to-slightly-better than consensus/our estimates. The arrival of new MD & CEO Arvind Kapil has brought along a number of senior professionals from HDFC Bank and other banks, aimed at building second-layer capabilities, broadly replacing the existing one. Kapil has well-articulated his vision to grow AUM by 5-6x over the next 5-6 years, with PAT growth tracking AUM growth. Sustainabil...
Reduce Poonawalla Fincorp Ltd For Target Rs. 410 By Emkay Global Financial Services
Reduce Poonawalla Fincorp Ltd For Target Rs. 410 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-07-25 03:47:15 pm
Buy Poonawalla Fincorp Ltd For Target Rs. 465 By Motilal Oswal Financial Services Earnings miss due to NIM compression; loan growth strong * Poonawalla Fincorp (PFL)’s 1QFY25 NII grew ~37% YoY to ~INR5.8b (5% miss), while its PPoP increased ~47% YoY to ~INR4.3b (9% miss). PFL’s 1QFY25 PAT grew ~46% YoY and declined ~12% QoQ to ~INR2.9b (9% miss). * Opex rose ~33% YoY to ~INR2.4b (~15% above estimate), with the C/I ratio broadly stable QoQ at ~36% (PY: ~38%). Provisions stood at INR425m (vs. estimated credit costs of ~INR500m). * PFL arti...
Buy Poonawalla Fincorp Ltd For Target Rs. 465 By Motilal Oswal Financial Services
Buy Poonawalla Fincorp Ltd For Target Rs. 465 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-25 02:15:14 pm
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore PPoP at Rs 432 crore in Q1FY25, up 47% YoY and 6% QoQ The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC, focusing on consumer and MSME finance, today announced its unaudited financial results for the quarter ended June 30, 2024. The Company continued to register consistent growth in AUM & profitability, superior asset quality and customer engagement during this period. Key Highlights – Q1FY25:  Assets: * Assets Under Management (AUM) stood at Rs. 26,972 crore, u...
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore PPoP at Rs 432 crore in Q1FY25, up 47% YoY and 6% QoQ
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore PPoP at Rs 432 crore in Q1FY25, up 47% YoY and 6% QoQ
Source: PR Agency
2024-07-22 05:36:38 pm
Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs Apr-09-2024   10:22 Hrs IST Poonawalla Fincorp is currently trading at Rs. 487.10, up by 0.65 points or 0.13% from its previous closing of Rs. 486.45 on the BSE. The scrip opened at Rs. 494.45 and has touched a high and low of Rs. 494.45 and Rs. 483.35 respectively. So far 15469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-...
Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs
Poonawalla Fincorp inches up on raising Rs 75 crore via NCDs
Source: Accord Fintech
2024-04-09 10:36:40 am
Poonawalla Fincorp surges on recording 52% growth in total disbursements during Q4FY24 Poonawalla Fincorp is currently trading at Rs. 498.15, up by 3.40 points or 0.69% from its previous closing of Rs. 494.75 on the BSE. The scrip opened at Rs. 503.95 and has touched a high and low of Rs. 506.00 and Rs. 495.00 respectively. So far 221613 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-Jan-2024 and a 52 week low of Rs. 285.40 on 10-Apr-2023. Last one week high and low of the scrip stoo...
Poonawalla Fincorp surges on recording 52% growth in total disbursements during Q4FY24
Poonawalla Fincorp surges on recording 52% growth in total disbursements during Q4FY24
Source: Accord Fintech
2024-04-04 12:22:31 pm
Buy Poonawalla Fincorp Ltd For Target Rs.580- Motilal Oswal Financial Services Ltd Earnings in line despite NIM compression * Poonawalla Fincorp (PFL)’s 3QFY24 NII grew 63% YoY to INR4.9b (6% miss), while PPOP jumped 125% YoY to INR3.5b (in line). 3Q PAT surged 76% YoY to ~INR2.65b (in line), while 9MFY24 normalized PAT grew 72% YoY to ~INR6.95b. * Opex declined 2% YoY to ~INR2b (~6% lower than estimate), while the C/I ratio remained broadly stable QoQ at ~36% (PY: ~57%). Provision writebacks stood at INR65m (vs. estimated credit costs of ~INR300m) * PFL is d...
Buy Poonawalla Fincorp Ltd For Target Rs.580- Motilal Oswal Financial Services Ltd
Buy Poonawalla Fincorp Ltd For Target Rs.580- Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-02-26 01:46:44 pm
Poonawalla Fincorp Business Update with respect to the quarter ended 31st December 2023 Information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 r/w Schedule A of Reg. 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015. We wish to provide the following information for Poonawalla Fincorp Limited with respect to the quarter ended 31st December 2023: 1.  Disbursements: Total disbursements during&n...
Poonawalla Fincorp Business Update with respect to the quarter ended 31st December 2023
Poonawalla Fincorp Business Update with respect to the quarter ended 31st December 2023
Source: PR Agency
2024-01-04 12:17:12 pm
Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India's (RBI) action raised the risk weightage on unsecured loans. RBL Bank is down almost 7 per cent, AB Capital almost 6 per cent, SBI Card is down over 5 per cent, L&T Finance Holdings down more than 5 per cent, Ujjivan down more than 4 per cent, IDFC First Bank down more than 3 per cent, IIFL more than 3 per cent. Among the heavyweights, Axis Bank is down 3 per cent, SBI is down 3 per cent, B...
Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
Source: IANS
2023-11-17 12:37:25 pm
Poonawalla Fincorp moves up on getting RBI`s permission to issue co-branded credit card with IndusInd Bank Poonawalla Fincorp is currently trading at Rs. 378.90, up by 6.45 points or 1.73% from its previous closing of Rs. 372.45 on the BSE.The scrip opened at Rs. 374.75 and has touched a high and low of Rs. 380.15 and Rs. 374.25 respectively. So far 16268 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 451.80 on 08-Aug-2023 and a 52 week low of Rs. 243.75 on 23-Dec-2022.Last one week high and low of the scrip stood at Rs. 385.00 and R...
Poonawalla Fincorp moves up on getting RBI`s permission to issue co-branded credit card with IndusInd Bank
Poonawalla Fincorp moves up on getting RBI`s permission to issue co-branded credit card with IndusInd Bank
Source: Accord Fintech
2023-09-26 10:20:42 am
Buy Poonawalla Fincorp Ltd For Target Rs.480 - JM Financial Poonawalla Fincorp (PFL) has corrected over the past month (-9% vs +5% for NIFTY FIN SERVICES, +5% for NIFTY). We believe this is an opportunity to add exposure to the name given continued momentum on business and its strong profitability profile. We observe PFL?s digital lending app is already functional (can be downloaded for iOS and Android users) and should see incremental traction w.r.t to new originations. In our view, this should reduce the origination through fintech partnership ...
Buy Poonawalla Fincorp Ltd For Target Rs.480 - JM Financial
Buy Poonawalla Fincorp Ltd For Target Rs.480 - JM Financial
Source: JM Financial Institutional Securities Ltd
2023-09-18 03:16:33pm