India's Poonawalla Fincorp jumps on launching consumer durables loans business

Poonawalla Fincorp

22/04/2025 10:35

April 22 (Reuters) -  ** Shares of non-banking financial company Poonawalla Fincorp POON.NS rise about 2% to 405.55 rupees

** Co launches consumer durables loans business, marking its entry into the retail lending segment

** The company had launched its gold loan business last week

** Stock set for sixth straight session of gains

** Mean rating by analysts on stock is 'hold'; median PT is 370 rupees - LSEG data

** Stock up over 28% YTD

(Reporting by Shivani Tanna in Bengaluru)

((ShivaniJayesh.Tanna@thomsonreuters.com))