India's Poonawalla Fincorp rises on strong AUM growth in Q3

Poonawalla Fincorp

06/01/2025 04:51

** Shares of non-banking financial co Poonawalla Fincorp
 POON.NS  rise as much as 3.1% to 329.50 rupees
    ** POON says its AUM increased by 41% Y/Y to about 309.50
bln rupees ($3.6 bln), as on Dec 31, 2024
    ** Says Q/Q, the growth was 9%  
    ** Says total disbursements during Q3FY25 were about 71.5
bln rupees, up 13.3% Q/Q
    ** More than 1.1 mln shares change hands, 0.6x of 30-day avg
    ** Avg rating of eight analysts equivalent of "buy", median
PT is 360.50 rupees - LSEG data
    ** Stock fell 27.8% in 2024 after three consecutive years of
gains
($1 = 85.8100 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))