Poonawalla Fincorp Stock Sees 3.3% Increase Despite Negative Rating

Poonawalla Fincorp, a leading non-banking financial company (NBFC) in India, saw a 3.3% increase in its stock price on October 29, 2024. The stock, which is listed as a largecap company, has been performing well in the market.

According to MarketsMOJO, a leading stock market analysis platform, Poonawalla Fincorp's stock has been given a 'Strong Sell' rating. However, the company's performance today has outperformed the sector by 2.05%. This shows that despite the negative rating, the stock has shown positive growth.

In the last two days, Poonawalla Fincorp's stock has gained 9.78% returns, indicating a consecutive gain. The stock also touched an intraday high of Rs 326.75, which is a 2.14% increase, and an intraday low of Rs 305.1, which is a -4.63% decrease.

Currently, Poonawalla Fincorp's stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that the stock may continue to face downward pressure in the near future.

In comparison to the Sensex, Poonawalla Fincorp's stock has performed well in the last 1 day, with a 4.11% increase, while the Sensex has shown a -0.18% performance. However, in the last 1 month, the stock has seen a -15.86% decrease, while the Sensex has shown a -6.67% performance.

Overall, Poonawalla Fincorp's stock has shown mixed performance in the market. Investors should carefully consider their options before making any investment decisions.