15 Apr 2025

Poonawalla Fincorp Launches Gold Loan Business; Stock Gains Over 1.5%

Poonawalla Fincorp is currently trading at RS. 372.00, marking a rise of 5.70 points or 1.56% from its previous close of RS. 366.30 on the BSE.

The stock opened at RS. 375.00 and touched an intraday high of RS. 375.00 and a low of RS. 369.60. A total of 39,175 shares have been traded so far.

Classified under BSE group 'A', the stock with a face value of RS. 2 reached a 52-week high of RS. 513.95 on April 22, 2024, and a 52-week low of RS. 267.25 on March 4, 2025. Over the past week, it has seen a high of RS. 375.00 and a low of RS. 317.70. The company’s current market capitalization is RS. 28,879.89 crore.

Promoters hold a majority stake of 62.53% in the company, while institutions and non-institutional investors own 20.13% and 17.33%, respectively.

Poonawalla Fincorp (PFL) has expanded its secured lending portfolio by launching its Gold Loan Business. Designed to meet a variety of financial needs—such as business expansion, agricultural expenses, or personal requirements—the offering ensures quick approval in under 30 minutes, requires minimal documentation, and includes flexible repayment options. Customers can leverage the value of their gold assets without selling them, offering both liquidity and wealth preservation.

The gold loan market in India is poised for strong growth, supported by low credit risk and economic resilience. With its customer-first strategy and commitment to high-quality service, PFL is well-positioned to tap into this expanding market.

Formerly known as Magma Fincorp, Poonawalla Fincorp is a non-deposit taking, systemically important non-banking finance company (ND-SI-NBFC) registered with the Reserve Bank of India (RBI).