Poonawalla Fincorp is currently trading at Rs. 338.65, up by 5.90 points or 1.77% from its previous closing of Rs. 332.75 on the BSE.
The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 343.15 and Rs. 336.25 respectively. So far 166767 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 343.75 on 13-Apr-2022 and a 52 week low of Rs. 105.40 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 343.75 and Rs. 323.20 respectively. The current market cap of the company is Rs. 25452.83 crore.
The promoters holding in the company stood at 68.25%, while Institutions and Non-Institutions held 12.37% and 19.37% respectively.
Poonawalla Fincorp has entered digital consumption loans space through a tie up with KrazyBee. Under this partnership, Poonawalla Fincorp will offer small ticket personal loans to individuals. The company focusses on consumer and small business finance as a part of its stated strategy. This partnership is a step towards building strong partnership with partners who have demonstrated distribution at scale, risk management capabilities along with their technology prowess.
The partnership provides complete end to end digital consumer loans across the country. The credit underwriting for these loans is done through a scorecard which enables right customer selection at scale, while the complete digital process helps democratize the process of taking loan. The partnership has seen a lot of traction within a month of its launch and the company intends to do more than 1000 crore of disbursement under this partnership in the current financial year.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
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