Share price of Poonawalla Fincorp gained over 5 percent on January 24 after the non-banking financial company (NBFC) reported 88 percent on-year jump in its net profit for the October-December quarter.
In an exchange filing, the company said it recorded its highest ever net profit at Rs 150 crore - up 88 percent on-year and 16 percent on-quarter. Quarterly disbursements at Rs 3,369 crore were also highest ever, up by 157 percent YoY and 8 percent QoQ.
At 10am, the stock was quoting at Rs 305 apiece, higher by 5.21 percent. Trading volumes at 4.5 million shares are almost double the 20-day average volume of 2.5 million. In the past six months, it has gained over 16 percent.