India's Poonawalla Fincorp rises on quarterly AUM jump

Poonawalla Fincorp

04/07/2025 06:36

** Poonawalla Fincorp POON.NS rises ~3% to 479.8 rupees, highest since May 6, 2024

** Stock on track for third straight day of gains

** Non-banking lender reports 52.9% y/y growth in June-quarter AUM to 412.5 bln rupees ($4.83 bln)

** Says co continues to have ample liquidity

** Stock rated "hold" on avg; median PT is 390.5 rupees, per data compiled by LSEG

** YTD, POON gains 48.4%

($1 = 85.3550 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))