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Poonawalla Fincorp shares hit a record high on October 6, up nearly 9% on strong AUM growth and investor confidence.
Poonawalla Fincorp shares hit a record high of ₹570.40 on October 6, surging nearly 9% intraday, fueled by a 67.7% year-on-year increase in assets under management to ₹47,625 crore in the September quarter.
The stock's rally, part of a nearly 30% gain over the past month, reflects strong investor confidence driven by robust AUM growth, solid liquidity, and a risk-first strategy.
Trading above key moving averages and breaking a 20-month consolidation pattern, the stock signals a bullish trend, though overbought indicators suggest possible short-term consolidation.
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Las acciones de Poonawalla Fincorp alcanzaron un récord el 6 de octubre, con un aumento de casi el 9% debido al fuerte crecimiento del AUM y la confianza de los inversores.