Poonawalla Fincorp’s stock dropped sharply by 18.4%, trading at ₹292.70 as of 3:11 PM, after the company reported a significant increase in provisions and a rise in its Gross Non-Performing Assets (GNPA) ratio.
- Provisions surged to ₹909.6 crore in Q2 FY25, compared to ₹28.06 crore year-on-year (YoY) and ₹42.5 crore quarter-on-quarter (QoQ).
- The GNPA ratio rose to 2.1%, a significant increase from 0.67% QoQ.
Stock Price Details:
- Open: ₹358.90
- High: ₹360.20
- Low: ₹287.00
- Previous Close: ₹358.70
The sharp rise in provisions and GNPA has raised concerns among investors, leading to a substantial sell-off in the stock.
Disclaimer: Stock prices are subject to market fluctuations. Please consult a financial advisor for investment decisions.
