Poonawalla Fincorp's Stock Sees Decline on May 9th, Remains Reliable Performer in Finance Sector

Poonawalla Fincorp, a leading non-banking financial company (NBFC) in the finance industry, has seen a decline in its stock price on May 9th, 2024. The stock has lost -3.8% on this day, according to data from MarketsMOJO.

MarketsMOJO, a financial analysis platform, has given a 'Hold' call for Poonawalla Fincorp's stock. The company has been listed as a Reliable Performer on MarketsMOJO since October 20th, 2023.

In terms of price performance, Poonawalla Fincorp has underperformed the sector by -1.2% on May 9th. The stock has also been on a downward trend for the past 5 days, with a fall of -8.22% during this period. On May 9th, the stock touched an intraday low of Rs 451.25 (-3.65%).

While Poonawalla Fincorp's stock is currently higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages. In comparison, the finance/NBFC sector has fallen by -2.65%.

On May 9th, Poonawalla Fincorp's stock performance was -3.27%, while the Sensex performance was -1.45%. In the past month, the stock has seen a decline of -7.74%, while the Sensex has fallen by -3.05%.

Overall, Poonawalla Fincorp's stock has seen a decline in its performance on May 9th, 2024. However, it remains a reliable performer in the finance/NBFC sector, according to MarketsMOJO. Investors may want to keep an eye on the stock's performance in the coming days.