Poonawalla Fincorp Ltd Surges with 12 Million Shares Traded Today

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 12,005,784 shares and a total traded value of approximately Rs 66.37 crores. The stock opened at Rs 530.0 and reached a new 52-week high of Rs 570.4, reflecting an intraday increase of 8.77%. Currently, the last traded price stands at Rs 545.2.
The company has shown strong performance over the past three days, gaining 9.17% during this period and outperforming its sector by 2.67%. Notably, Poonawalla Fincorp is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

Investor participation has also seen a significant rise, with delivery volume on October 3 reaching 209,500 shares, marking an increase of 128.77% compared to the 5-day average. The stock's liquidity remains robust, with a trade size of Rs 2.91 crores based on 2% of the 5-day average traded value.

In summary, Poonawalla Fincorp's recent activity highlights its strong market position and performance metrics within the NBFC sector.