Poonawalla Fincorp stock at 52W high on ₹1,500 Cr promoter fund
Poonawalla Fincorp stock surged to a new 52-week high of ₹513.35, after the Board approved the allotment of 3.31 crore equity shares to promoter Rising Sun Holdings, raising ₹1,499.98 crore. The move strengthens the companys capital base and reinforces promoter commitment, boosting investor confidence.