Poonawalla Fincorp Shows Strong Trading Activity Amidst Resilient Market Positioning

Poonawalla Fincorp Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active equities today, with a total traded volume of 4,213,824 shares and a total traded value of approximately Rs 211.10 lakhs. The stock opened at Rs 502.1, matching its previous close, and reached a day high of Rs 509.0 before settling at a last traded price of Rs 500.9.
Despite a slight decline of 0.09% in its one-day return, Poonawalla Fincorp remains close to its 52-week high of Rs 513.35, being just 2.26% away. The stock has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend over time.

Notably, investor participation has surged, with delivery volume on September 18 rising by an impressive 1,067.65% compared to the 5-day average. The liquidity of the stock is also favorable, accommodating trade sizes of Rs 15.51 crore based on 2% of the 5-day average traded value.

In summary, Poonawalla Fincorp's performance today reflects a mix of active trading and solid market positioning within the small-cap segment of the NBFC industry.