Poonawalla Fincorp Ltd (NSE: POONAWALLA) is showing strong growth potential with its current market price at ₹423. Key support levels range from ₹422 to ₹410, ideal for short-term and intraday investments. With projected targets of ₹440, ₹450, ₹475, and ₹490, and impressive financial growth, including a 52% increase in assets under management in the June 2024 quarter, Poonawalla Fincorp is positioned as a promising investment. Long-term targets for 2025 and 2030 also indicate substantial upside potential, making it an attractive option for diverse investment strategies.
POONAWALLA Share Price Latest Targets and Entry Levels, July 2024:- Investors have their eyes on Poonawalla Fincorp Ltd (NSE: POONAWALLA) as the stock shows promising growth potential. As of July 2024, the current market price stands at ₹423, presenting several strategic entry points and target levels for both Intraday and short-term investments.
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| Poonawalla Price Latest Targets and Entry Levels, July 2024 |
Current Market Scenario of Poonawalla Fincorp Ltd
Poonawalla Fincorp Ltd, formerly known as Magma Fincorp, has demonstrated remarkable growth, with its total disbursements growing by 5% in the June 2024 quarter, reaching ₹7,400 crore compared to ₹7,063 crore in the same period last year. The company's assets under management (AUM) have also shown impressive double-digit growth, up by 52% year-on-year for the quarter ended June 30, 2024.
Latest Support and Entry Levels to consider
At the current price of ₹423, major support levels for Poonawalla Fincorp Ltd are identified between ₹422 and ₹410. Investors looking for short-term and intraday opportunities can consider entering at these levels. The stock's resilience at these support points suggests a strong foundation for future growth.
Latest Short-Term and Long-Term Targets for Poonawalla Fincorp Ltd
For short-term investors, the following price targets are recommended:
- ₹440
- ₹450
- ₹475
- ₹490
These targets are based on the stock's current momentum and the expectation of favorable results on July 20, 2024. The stop-loss for this investment strategy can be set below ₹485 to mitigate potential losses.
Long-Term Outlook of the Stock
Looking further ahead, the Poonawalla Fincorp share price target for 2025 appears optimistic. Analysts predict continued growth, driven by the company's robust financial performance and strategic initiatives. Additionally, considering the long-term horizon, the Poonawalla Fincorp share price target for 2030 suggests substantial upside potential, reflecting confidence in the company's sustained expansion and market positioning.
Strategic Insights of the Stock
Investors should keep an eye on key dates and quarterly performance reports, as these will provide insights into the company's trajectory. The stock's past performance and future projections indicate a solid investment opportunity for those willing to hold through short-term market fluctuations.
Magma Fincorp Share Price Target 2025
Formerly known as Magma Fincorp, the company's rebranding to Poonawalla Fincorp has not only refreshed its image but also aligned it with a new growth strategy. The Magma Fincorp share price target for 2025 aligns closely with Poonawalla Fincorp's targets, reflecting the seamless transition and continuity in the company's performance and market expectations.
Tomorrow’s Predictions for Poonawalla Fincorp Ltd
For those looking at immediate gains, the Poonawalla Fincorp share price target for tomorrow remains bullish. Short-term market analysis suggests potential upward movement, making it an attractive option for day traders and short-term investors.
Conclusion
Poonawalla Fincorp Ltd (NSE: POONAWALLA) presents a compelling case for investment, backed by solid financial performance and promising growth targets. Whether you're looking at short-term gains or long-term investment, understanding the support levels, entry points, and price targets can help you make informed decisions. Keep a close watch on the stock’s performance and market conditions to maximize your investment returns.
By following these insights and closely monitoring market trends, investors can strategically navigate the opportunities presented by Poonawalla Fincorp Ltd.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
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