Poonawalla Fincorp rises 14% to hit 52-week high amid promoter's Rs 1,500-crore fund infusion

Poonawalla Fincorp shares rise 14% to hit 52-week high amid promoter's Rs 1,500-crore fund infusion

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Shares of Poonawalla Fincorp hit their 52-week high by rising 14% on September 18 amid promoter increasing stake after Rs 1,500-crore fund infusion.

Poonawalla Fincorp's board has approved the issuance of 3.31 crore shares to the promoter Rising Sun Holdings Pvt. Ltd. The fund infusion was done at a price of Rs 452.51 per share.

The fund infusion and allotment has been done on a preferential basis and through private placement.

At 10:40 am on September 18, Poonawalla Fincorp shares were trading 14% higher at Rs 511.45, their biggest single-day gain in 10 months.

"The equity shares allotted shall rank pari-passu, in all respects, with the existing equity shares of the Company," the company said in a stock exchange filing.

With this fund infusion, the promoter stake in the company goes up from 62.43% to 63.97%.

September 18 was busiest session ever for Poonawalla Fincorp with 4.5 crore shares traded so far, more than 40x 30-day average. LSEG data shows the RSI jumped to 71.1, which suggests stock might be overbought.

So far in 2025, the stock rose 60%.

Poonawalla Fincorp reported a decline of 78.5% in its consolidated net profit for the quarter ended June 30, 2025, coming in at Rs 62.6 crore, compared to Rs 291.6 crore in the same period last year. The non-banking financial company (NBFC) saw an 11% year-on-year (YoY) growth in net interest income (NII), which rose to Rs 639 crore from Rs 576 crore in Q1FY25.