India's Poonawalla Fincorp touches highest level in more than a week

CARE Ratings

03/10/2022 08:48

** Shares of non-banking finance company Poonawalla Fincorp Ltd.  POON.NS 
rise as much as 3.66% to 317 rupees, their highest level since Sept. 23
    ** Stock posts its biggest intraday pct gain since Sept. 30; on track to
rise for a third straight day 
    ** Co and its subsidiary, Poonawalla Housing Finance, have been upgraded to
'AAA' with a stable outlook by Care Ratings  CREI.NS   urn:newsml:reuters.com:*:nNDL7NBt0f
    ** 5 of the 8 analysts rate the stock as "buy" or higher", 2 have "hold" and
1 rates it at "sell"; their median PT is 312 rupees - Refinitiv Data
    ** More than 3.3 mln shares were traded by 0733 GMT, vs the 30-day moving
avg of 5.3 mln shares 
    ** As of last close, POON stock up 39.48% YTD
 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))