
Adar Poonawalla-backed Poonawalla Fincorp jump 6% on strong Q3
The NBFC stock has grown three-fold in the last two years, from ₹98 on February 12, 2021, to ₹307 in intraday today, after Adar Poonawalla acquired the company.
The NBFC stock has grown three-fold in the last two years, from ₹98 on February 12, 2021, to ₹307 in intraday today, after Adar Poonawalla acquired the company.
The deal is expected to optimise resource allocation as Poonawalla Fincorp focuses on consumer and MSME financing.
The owner of world's biggest vaccine maker is also known for his interest in social causes.
This multibagger stock has risen from ₹47 per share on February 1, 2021, to ₹283 level currently, after Adar Poonawalla-led Rising Sun Holdings acquired a 60% stake in the company.