- Date : 01/08/2022
- Read: 2 mins
Poonawalla Fincorp goes from Rs 13 to Rs 271
Poonawalla Fincorp has given spectacular returns to investors in the last two years. The company has given spectacular results in the first quarter of the current financial year. As per the experts, the stock can gain even more. The stock price of Poonawalla Fincorp increases from Rs 13 to Rs 271 in two years. Poonawalla Fincorp's share gives spectacular returns to the investors as Rs 1 Lakh investment has turned to Rs 20.33 lakhs. The return to the shareholders in the last two years is more than 1926%.
Why is Poonawalla Fincorp on a dream run?
The company was trading at just Rs 13 on 22 May 2020. Now the share is trading at Rs 271. The company has reported great results in the first quarter of this financial year. The company reported a 117% increase in net profit. The net profit now stood at Rs 141 crores from Rs 65 crores in the first quarter last year. The NIM for the company came in at 9.5%, which was up 155 basis points from last year. Its AUM or assets under management were Rs 17,660 crores, an increase of 22.4%.
On the back of spectacular results, the company is giving spectacular returns to investors. As per the experts, the stock can reach Rs 314 in the coming days this year. It might still be a good time to invest in the stock after great returns.
The stock of Poonawalla Fincorp turns Rs 1 Lakh invested in the stock to Rs 20.33 lakhs in two years. The investors are laughing all the way to the bank after more than 20-fold returns. The company has been on a dream run, and the stock is an investor’s favourite.