POONAWALLA FINCORP STOCKS
Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action
In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).
Beaten down stocks with strong good fundamentals to lead the charge in May: Deven Choksey
Deven Choksey anticipates market growth driven by stock rotations and sectoral dynamics. Promising opportunities lie in banking stocks like Axis and ICICI, along with strong performers such as Reliance and HDFC Bank. Infrastructure spending and election outcomes expected to influence market trends. Choksey also says metals is one area which would possibly drive for the next five to seven years.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
Amid Paytm crisis, Indian NBFCs explore options for loan disbursal
Indian non-bank lenders are exploring alternative options for loan disbursal amid concerns over the regulatory issues surrounding Paytm, which has led to a temporary halt in its lending services. While lending partners have not terminated contracts with Paytm, they are reportedly seeking alternatives due to uncertainty about when lending services might resume through the Paytm app.
Promoter Rising Sun Holdings buys 0.5% stake in Poonawalla Fincorp for Rs 200 crore
Promoter Rising Sun Holdings Pvt Ltd has acquired a 0.5% stake in Poonawalla Fincorp for around Rs 200 crore through the open market on Wednesday.
Buy Poonawalla Fincorp, target price Rs 580: Motilal Oswal
Poonawalla Fincorp Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 37189.42 Crore) operating in NBFC sector.
Sebi fines Abhijit Pawar Rs 10 lakhs for alleged insider trading
A preliminary examination by Sebi revealed that Magma had made an announcement on February 10, 2021 on stock exchanges regarding the acquisition of controlling stake by Poonawalla Group in Magma.
Buy Poonawalla Fincorp, target price Rs 541: Axis Securities
Company has reported net profit after tax of Rs 860.23 Crore in latest quarter.
Buy Poonawalla Fincorp, target price Rs 535: Axis Securities
Poonawalla Fincorp Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 33568.77 Crore) operating in NBFC sector.
To deal with event risk: 5 largecap stocks from different sectors with upside potential of up to 38%
While the whole market has been in a bull run, there are some companies, which have been facing some headwinds due to micro and macro issues. But because they are large companies with experience and history of dealing with headwinds, these companies stay down for a long period. Which is the reason why the analyst scores have seen an improvement and have moved from negative to neutral territory or from neutral to positive one. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Rs 6,907-cr block deals take place this week; Paytm, Honasa Consumer among stock with significant action
In the largecap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 2,071 crore led by Bharti Airtel with 18 block count, totalling Rs 374 crore. The next in line were Bajaj Auto (Rs 352 crore), Shree Cement (Rs 218 crore), UltraTech Cement (Rs 144 crore), ICICI Prudential Life Insurance Company (Rs 143 crore), Axis Bank (Rs 141 crore), HDFC Bank (Rs 141 crore) and Bajaj Finance (Rs 119 crore).
YES Bank, Apollo Tyres and 7 other mid and small cap stocks surpass 100-day SMA
The stock market witnessed a surge as several mid and smallcap stocks demonstrated remarkable strength by surpassing their 100-Day Simple Moving Average (SMA) on November 8.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Nifty on Wednesday ended 37 points higher to form a small-bodied candle with minor upper and lower shadow on the daily chart.
Samvat 2080: Why Reliance & Poonawalla Fincorp are top picks for Dharmesh Kant
“Any cut in the interest rate will further fuel the lending side of the business and that is the reason why we have picked it up. From a target perspective, around Rs 450 is the target we are expecting on Poonawalla Fincorp from at least a year of holding. Price to book, it is expensive but that is how it is with the companies which are growing at a scorching pace.”
Poonawalla Fincorp, Sona BLW top midcap picks; bullish on 2 stocks in hotel space: Hemang Jani
“This quarter would be good across most of the hospitality names and the next two quarters are going to be extremely good. We think that the best participant would be Indian Hotels followed by Lemon Tree. I think these are the two names where you have a fair amount of growth visibility.”
Time to take chips off the table; 17,250 on Nifty the critical level to watch: Vinit Bolinjkar
“If a war breaks out where more than two parties are involved because the posturing by the different players in the theatre have become very aggressive and until a substantial clarity emerges on how the things are flowing, one should be very cautious as in that uncertainty, markets can sell off.”
Buy Poonawalla Fincorp, target price Rs 450: Motilal Oswal
Poonawalla Fincorp Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Financial Services, Rental Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.
How to cash in on the almost bottom-up story of rural recovery? Gurmeet Chadha explains
“Elections are coming; on Wednesday, the government increased the DA for government employees and pensioners. We will see more and more rural spending pick up with the crop season, with a lot of announcements, as well as a huge festive season ahead. I expect the rural economy stocks to start picking up a little bit from here on.”
Poonawalla FinCorp may be a dark horse but it is not the next Bajaj Finance: Digant Haria
" We say that the next HDFC is HDFC and similarly, the next Bajaj Finance is Bajaj Finance. Obviously, we cannot expect an encore of the last decade in terms of stock price CAGR but now it is almost two years that Bajaj Finance stock has done nothing. It hit around Rs 7,500 on September 21. After two years, Bajaj Finance has at least got its online piece right. They have caught up in the online world now."
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