Poonawalla Fincorp Exhibits Strong Short-Term Momentum Amid Sector Gains

Poonawalla Fincorp has shown significant activity today, gaining 4.31% as of March 24, 2025. The stock has outperformed its sector by 3.53%, marking a notable trend as it has experienced consecutive gains over the past two days, accumulating a total return of 9.98% during this period. The stock reached an intraday high of Rs 349.5, reflecting a rise of 4.33%.
In terms of moving averages, Poonawalla Fincorp is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. This performance is set against a backdrop of a rising Sensex, which opened higher at 77,456.27, gaining 550.76 points (0.72%) and currently trading at 77,308.46 (0.52%).

Over the past week, Poonawalla Fincorp has delivered a remarkable 19.91% return, significantly outpacing the Sensex's 4.23% gain. However, its one-year performance shows a decline of 25.05%, contrasting with the Sensex's increase of 6.15%. Overall, Poonawalla Fincorp's recent performance highlights its strong short-term momentum within the finance sector.