India's Poonawalla Fincorp jumps after allotment of shares to promoter

Poonawalla Fincorp

18/09/2025 07:57

** Shares of Poonawalla Fincorp POON.NS jump nearly 12% to 500.05 rupees

** Non-banking financial co approves allotment of 33.1 mln shares to promoter Rising Sun Holdings at 452.51 rupees/shr for 15 bln rupees ($170.3 mln)

** Busiest session ever with 44.9 mln shares traded so far, more than 40x 30-day average

** RSI jumps to 71.1, suggests stock might be overbought - per LSEG data

** POON up about 59% YTD

($1 = 88.0925 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))