Poonawalla Fincorp Shows Resilience Amid Broader Market Challenges in January 2025

Jan 16 2025 09:45 AM IST
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Poonawalla Fincorp experienced a notable increase on January 16, 2025, outperforming its sector. The stock reached an intraday high and has shown a total return over the past three days. Despite this, it has faced challenges in the previous month, with a decline greater than the broader market.
Poonawalla Fincorp, a key player in the finance and non-banking financial company (NBFC) sector, saw a significant increase of 3.0% on January 16, 2025, outperforming its sector by 1.44%. This upward movement is part of a broader trend, with the stock accumulating a total return of 6.14% over the past three days.

On this trading day, Poonawalla Fincorp reached an intraday high of Rs 319.9, marking a rise of 3.16%. The stock is currently positioned above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

In the context of the broader market, Poonawalla Fincorp's one-day performance contrasts with the Sensex, which gained 0.39%. However, the stock has faced challenges over the past month, experiencing a decline of 7.75%, compared to a 5.78% decrease in the Sensex.
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