shares climbed 3.47 per cent in early Monday trading, touching an intraday high of ₹492.60 before settling at ₹466.15 around midday, as investors digested the non-banking finance company’s third-quarter results released last week.
The stock’s advance comes despite mixed analyst assessments. JM Financial upgraded its rating to REDUCE from SELL, raising the target price marginally to ₹430 from ₹425, citing expensive valuations at 2.3 times FY28 price-to-book despite improved profitability. Motilal Oswal maintained a BUY rating with a ₹610 target, highlighting the company’s profitability inflection point and strong growth trajectory.
For Q3FY26, Poonawalla Fincorp reported profit after tax surging 102 per cent quarter-on-quarter to ₹150 crore, while return on assets improved to 1.2 per cent. Assets under management grew 78 per cent year-on-year to ₹55,017 crore, driven by robust performance across consumer and commercial lending segments. Net interest income rose 50 per cent annually to ₹921 crore.
The company’s board has approved raising up to ₹5,500 crore through equity issuance to support ambitious growth plans targeting 35-40 per cent annual AUM growth. However, analysts note this capital raise will moderate near-term return on equity despite providing financial flexibility.
Trading volumes stood at 41.21 lakh shares worth ₹197 crore by midday, with sellers dominating at 85 per cent of transactions. The stock has gained 48 per cent over the past year but remains 18 per cent below its October 2025 peak of ₹570.