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Poonawalla Fincorp approves ₹200 crore Tier II NCD issue via private placement
Shares of Poonawalla Fincorp Ltd ended at ₹472.05, down by ₹4.35, or 0.91%, on the BSE.
Poonawalla Fincorp among 4 stocks closed above VWAP, signalling a bullish shift
On July sixth, four Nifty500 stocks saw closing prices rally by over 1.5 percent. This movement above their Volume Weighted Average Price suggests a potential bullish trend. Karur Vysya Bank and Poonawalla Fincorp showed significant price increases. Manappuram Finance and Swan Corp also experienced positive trading activity.
True North cashes out $2 billion for investors as PE firms step up exits
This comes on the back of exits for True North from portfolio firms like FedFina, Niva Bupa, Biocon Biologics, Infinity Fincorp Solutions, Zydus Wellness and Home First Finance.
Muthoot FinCorp announces NCD issue to raise up to ₹60,000 lakh
Muthoot FinCorp Tranche IV NCD issue opens June 19 with yields up to 9.25%, rated AA Stable, offering multiple tenures and BSE listing for investors.
Hero FinCorp teams up with Salesforce to drive loan processing with Agentforce
Salesforce and Hero FinCorp partnered to speed up loan processing. Hero FinCorp deployed Salesforce's Agentforce and other tools. This has improved loan turnaround time by 72 percent for two-wheeler loans. The technology automates many steps, from document checks to disbursal. This leads to faster lending and better experiences for customers and employees.
ICL Fincorp consolidated net profit rises 135.36% in the March 2026 quarter
Sales rise 36.78% to Rs 74.31 crore
Muthoot Fincorp begins discussions with bankers for ₹4,000 crore IPO
The IPO may value Muthoot Fincorp between ₹25,000 crore and ₹28,000 crore.
Jefferies assigns Buy to Poonawalla Fincorp, says NBFC set for solid growth
Bhaskar Basu, Kamal Mulchandani, and Prakhar Sharma, equity analysts at Jefferies, expect PFL to deliver a 33 per cent AUM CAGR - the fastest among major NBFCs
Jefferies initiates coverage on Poonawalla Fincorp with Buy rating. Why are analysts bullish?
Jefferies has initiated coverage on Poonawalla Fincorp with a Buy rating and a target price of Rs 490. The brokerage sees strong growth potential driven by a new leadership team and an expanded product range. Poonawalla Fincorp is expected to achieve the fastest AUM growth among major NBFCs. Profitability is also projected to improve significantly, supporting premium valuations.
Poonawalla Fincorp share price can go up to ₹490, Jefferies says citing growth prospects
Jefferies believes Poonawalla Fincorp is well-positioned to benefit from its revamped leadership team, expanding product portfolio, growing distribution network, and strengthened underwriting practices.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty drops 200 points; Jefferies sees Poonawalla Fincorp at ₹490
Sensex Today | Stock Market LIVE Updates: On the upside, 23,500 continues to remain the first major hurdle to cross for Nifty 50, followed by the 23,700 - 23,800 zone. The market has remained resilient amidst reports and in anticipation of some reform push by the government. The Nifty Bank will be the index to watch as it continues to see 1,000-point intraday moves daily. IT sell-off may extend as well today with ADRs of Infosys and Wipro declining between 3.5% to 5% overnight yet again.
Hero Fincorp consolidated net profit declines 86.61% in the March 2026 quarter
Sales decline 6.89% to Rs 2329.70 crore