India's Poonawalla Fincorp rises on strong Q4 AUM growth

Poonawalla Fincorp

03/04/2025 09:18

** Non-banking financial co Poonawalla Fincorp POON.NS jumps as much as 3.7% to 361 rupees, highest since December 12, 2024

** POON's assets under management (AUM) grows 42.2% Y/Y and 14.7% Q/Q at the end of Q4 as on March 31

** Adds co's liquidity at ~47 bln rupees ($550 mln) as on March 31

** Share price above 50-day, 100-day and 200-day exponential moving averages

** Stock rated "hold" on avg; median PT is 365 rupees, per data compiled by LSEG

** POON snapped five straight monthly fall in March; broke three-quarterly losing run last month

($1 = 85.5075 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))