{"id":99591,"date":"2023-04-08T16:00:00","date_gmt":"2023-04-08T10:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99591"},"modified":"2023-04-06T19:07:21","modified_gmt":"2023-04-06T13:37:21","slug":"stock-to-buy-now-for-an-upside-of-43-after-company-sees-highest-ever-loan-disbursement","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-to-buy-now-for-an-upside-of-43-after-company-sees-highest-ever-loan-disbursement\/","title":{"rendered":"Stock to BUY now for an upside of 43% after company sees highest-ever loan disbursement"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3648154478\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Previously known as Magma Fincorp, Poonawalla Fincorp is an NBFC under the Cyrus Poonawalla Group. Having strong backing and technology in place, brokerage and research firm Anand Rathi sees a potential upside in it.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1951976470\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>Anand Rathi has given a \u201cBuy\u201d rating for Poonawalla Fincorp, with a target price of \u20b9417 per share. As of April 6th, the stock was trading at \u20b9290.05 per share, taking the upside to 43 percent.<\/strong> The shares of Poonawalla Fincorp fell to \u20b9288.3 before climbing to \u20b9294 and selling to \u20b9290, shedding a fractional 0.34 percent from the previous day\u2019s closing price.&nbsp;<\/p><p>In a filing with BSE, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/POONAWALLA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Poonawalla Fincorp Ltd<\/a><\/strong> announced that they witnessed their highest-ever loan disbursements in Q4 2023 at \u20b96,370 crores. This is an increase of 151% year on year and 89% quarter on quarter. For reference, Q4 2022 and Q3 2023 saw disbursements of \u20b92,539 crores and \u20b93,369 crores respectively.&nbsp;<\/p><p>The brokerage expects a 38 percent loan CAGR from FY 2023 to FY2025, due to competitive cost of funds, rapid growth, and technology.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-554272072\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The broker stated that PFL has developed conservative underwriting practices, combined with strong risk management. The BSE filing also showed that assets under management of the company grew by a substantial 37 percent year on year and 16 percent quarter on quarter, making it one of the best performers in the BFSI sector.&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-risks\"><strong>Risks<\/strong>:<\/h4><p>The brokerage sees a higher-than-expected risk due to the recent slowdown in the economy, along with increasing competition from banks in the retail lending sector. Both factors could directly affect loan growth.&nbsp;<\/p><p>Anand Rathi stated that strong promoter backing led to a steep 250 bps decline in the cost of funds in 18 months. Adar Poonawalla acquired Magma Fincorp in&nbsp; March 2021 and soon rebranded it and its subsidiaries to Poonawalla Fincorp.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Karan N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1010529649\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Previously known as Magma Fincorp, Poonawalla Fincorp is an NBFC under the Cyrus Poonawalla Group. Having strong backing and technology in place, brokerage and research firm Anand Rathi sees a potential upside in it. Anand Rathi has given a \u201cBuy\u201d rating for Poonawalla Fincorp, with a target price of \u20b9417 per share. As of April [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6162,8230,8229,5897,5210,8253,8256,8255,8254,8258,948,936,3153,3157,2597,8257],"class_list":["post-99591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mid-cap-stock-to-buy-now","tag-mid-cap-stocks-targets","tag-mid-cap-stocks-to-buy","tag-nbfc-stock-to-buy-now","tag-nbfc-stock-to-watch","tag-poonawalla-fincorp","tag-poonawalla-fincorp-business-update","tag-poonawalla-fincorp-latest-news","tag-poonawalla-fincorp-share-price","tag-poonawalla-fincorp-target","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-what-is-the-future-of-poonawalla-fincorp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock to BUY now for an upside of 43% after company sees highest-ever loan disbursement - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-to-buy-now-for-an-upside-of-43-after-company-sees-highest-ever-loan-disbursement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock to BUY now for an upside of 43% after company sees highest-ever loan disbursement\" \/>\n<meta property=\"og:description\" content=\"Previously known as Magma Fincorp, Poonawalla Fincorp is an NBFC under the Cyrus Poonawalla Group. 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