Poonawalla Fincorp News and Updates

Name: Latest research reports of Poonawalla Fincorp Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Poonawalla Fincorp Ltd.
Rating: 5
Author: ICICI Securities Limited

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Poonawalla Fincorp Ltd.

25 Oct 2022

448.80

1.08%

In a high-growth phase; recoveries to cushion credit cost trajectory

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ICICI Securities Limited

Poonawalla Fincorp (PFL) delivered on its stated strategy in Q2FY23 registering an RoA of 3.6%, organic disbursement growth of 32.4% QoQ, focused AUM growth of 10.6% QoQ, net stage-3 at 0.83%, and credit cost reversals.

Poonawalla Fincorp Ltd. is trading below its 30 day SMA of 462.2

Poonawalla Fincorp Ltd.

21 Oct 2022

448.80

1.08%

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Poonawalla Fincorp Ltd.

27 Jul 2022

448.80

1.08%

to see Rapid results content

Poonawalla Fincorp Ltd.

05 Jul 2022

448.80

1.08%

POONAWALLA FINCORP LIMITED - Initiating Coverage

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LKP Securities

Poonawalla Fincorp has gained 36.06% in the last 1 Year

Poonawalla Fincorp Ltd.

18 May 2022, 09:24PM

448.80

1.08%

CCI approves deal for selling stakes in Magma General Insurance Company

Business Standard

Fair trade regulator CCI has cleared the proposed acquisition of majority stake in Magma HDI General Insurance Company Ltd by Sanoti Properties LLP. Sanoti is into the business of development of commercial and residential real estate projects. As per a notice filed with the Competition Commission of India (CCI), the proposed combination is being undertaken in order to ensure compliance with the mandatory regulations of the Insurance Regulatory and Development Authority of India (IRDAI). CCI has approved "acquisition of 55.39 per cent of the total equity share capital of Magma HDI General Insurance Company Limited by Sanoti Properties LLP," according to a tweet on Wednesday. Under the deal, Sanoti would acquire shares constituting 55.39 per cent of the total equity share capital of Magma HDI. It would also involve buying shares of Magma HDI held by certain shareholders -- Poonawalla Fincorp Ltd and Serum Institute of India Pvt Ltd. Transactions beyond certain thresholds require the