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The latest announcement is out from Poonawalla Fincorp Limited ( (IN:POONAWALLA) ).
Poonawalla Fincorp Limited has had its credit ratings reaffirmed and assigned by CRISIL Ratings Limited, with a ‘Crisil AAA/Stable’ rating for its long-term instruments and ‘Crisil A1+’ for short-term instruments. This announcement underscores the company’s strategic importance to its parent company, Rising Sun Holdings Private Limited, and highlights its strong capitalization, diversified product offerings, and competitive borrowing costs. The reaffirmation of ratings reflects the company’s robust market positioning and the expectation of continued support from its parent group.
More about Poonawalla Fincorp Limited
Poonawalla Fincorp Limited operates in the financial services industry, focusing on consumer and MSME financing through a ‘phygital’ model that combines physical presence with AI-driven technology. It is a strategic part of the Cyrus Poonawalla Group, which emphasizes domestic consumption as a key growth area.
Average Trading Volume: 216,342
Technical Sentiment Signal: Buy
Current Market Cap: 365.1B INR
Find detailed analytics on POONAWALLA stock on TipRanks’ Stock Analysis page.