5.1 C
Delhi
Friday, January 16, 2026

Poonawalla Fincorp shares rally 6%, hit fresh 52-week high after strong Q2 numbers

Poonawalla Fincorp shares rallied 5.61% on Monday to trade at Rs 553.50, after hitting an intraday and 52-week high of Rs 558.60 on the NSE. The rally comes on the back of a robust business update released by the company for the quarter ended September 30, 2025 (Q2 FY26).

According to the latest disclosure, Poonawalla Fincorp’s Assets Under Management (AUM) stood at approximately Rs 47,625 crore as of September 30, 2025, registering an impressive year-on-year (YoY) growth of 67.7% and a sequential quarter-on-quarter (QoQ) rise of 15.4%.

The company also reported a strong liquidity position, with approximately Rs 6,200 crore in cash and equivalents as of the same date.

Poonawalla Fincorp emphasized its continued adherence to a “risk-first” strategy, supported by robust risk management frameworks and a well-diversified asset base. The management reaffirmed its focus on sustainable, long-term growth while scaling its operations.

“As we continue to scale, our focus and commitment remain on business expansion in line with building a long-term, sustainable, and profitable model,” the company stated.

Investor sentiment appeared buoyed by the company’s strong operational performance and prudent risk approach, driving the stock to outperform broader market indices during the session.

Price and Technical Outlook

Poonawalla Fincorp touched a new 52-week high of Rs 558.60 on the NSE and is currently trading with a market capitalization of approximately Rs 44,204 crore. Over the past month, the stock has delivered a sharp rally of nearly 30%, reflecting strong investor interest and momentum.

From a technical perspective, the Relative Strength Index (RSI-14) stands at 70.7 on the daily chart. An RSI reading above 70 typically signals that a stock is in overbought territory, indicating the potential for a short-term pullback or sideways movement as the market consolidates recent gains.

Despite this, the stock maintains a bullish structure, trading above all 8 key Simple Moving Averages (SMAs), ranging from the 5-day to the 200-day average. This alignment across short-, medium-, and long-term moving averages reinforces a positive trend and indicates strong underlying strength.

While overall momentum remains intact, the elevated RSI suggests that investors should stay alert for possible short-term profit booking before any continued upside.

Add

ET Logo

as a Reliable and Trusted News Source

Google Logo

Add Now!

(Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Latest

BCCL IPO Allotment: Check Status, Listing Date & Expected Gains

Bharat Coking Coal IPO was subscribed 4.5 times. Learn how to check allotment status, key dates, and analyst predictions for listing gains.

Stock Market Holiday on Jan 15: BSE, NSE Closed for Elections

BSE and NSE will remain closed on January 15, 2026, for Maharashtra elections. Check the full 2026 holiday list and trading hours here.

Sensex Falls 245 Points, Nifty Below 25,700; TCS Down 2%

Indian stock markets closed lower today. Get the latest updates on Sensex, Nifty, and TCS share price performance.

Sensex, Nifty Fall as Investors Await US-India Trade Talks Outcome

Indian markets closed lower amid caution ahead of key US-India trade discussions. See which sectors fell and the crucial support levels for Nifty.

Sensex Falls 250 Points, Nifty Below 25,800 as Trade Worries Linger

Indian stock markets closed lower on Tuesday amid global uncertainty and lack of clarity on the US-India trade deal. Get the latest Sensex and Nifty levels.

Topics

15 Hindus Killed in Bangladesh in 45 Days, Rights Group Reports

A rights group reports escalating violence against Hindus in Bangladesh, with 15 killed in 45 days. Urgent government action and legal reforms are demanded.

Why Pakistan is Trapped Between Saudi Arabia and UAE Rivalry

Analysis of how Saudi-UAE competition for influence leaves Pakistan in a diplomatic bind, impacting its economy and regional stability.

Trump’s Greenland Push Tests NATO Unity Ahead of Election

Donald Trump's serious interest in buying Greenland highlights a transactional foreign policy that could fracture NATO at a critical time for global security.

Trump’s Greenland Purchase Interest Sparks Diplomatic Row with Denmark

US President confirms interest in buying Greenland, but Denmark and Greenland firmly reject the idea. Explore the strategic reasons and the criticism behind the move.

Machado Meets Trump, Gifts Nobel Replica in Venezuela Power Play

Barred Venezuelan opposition leader María Corina Machado's strategic meeting with Donald Trump aims to maintain pressure on Maduro ahead of the July election.

Princess Leila Pahlavi: The Shah’s Daughter Who Died Alone in Exile

The tragic story of Iranian Princess Leila Pahlavi, who fled the 1979 revolution and died by suicide at 31, revealing the human cost of political upheaval.

Zomato’s Viral Job: Rs 25 Lakh Salary for 1-3 Years Experience in Bengaluru

A Zomato job listing offering Rs 25 lakh salary, Rs 20 lakh ESOP, and daily food credits for a role needing just 1-3 years experience goes viral, sparking debate.

India to Evacuate Citizens from Iran; First Flight from Tehran Tomorrow

MEA prepares evacuation flights for Indians in Iran amid Iran-Israel conflict. First flight from Tehran to Delhi scheduled. Embassy issues urgent travel advisory.
spot_img

Related Articles

Popular Categories

spot_imgspot_img