Poonawalla Fincorp shares are one of the multibagger stocks that the Indian stock market has delivered in the past three years during the post-Covid recovery. Following the Covid-19 sell-off, this financial stock bottomed out on May 29, 2020, at a price of 13.35 per share on the NSE, and it then saw a robust post-Covid comeback. Poonawalla Fincorp shares are currently trading at roughly $293 per share, a rise of almost 2100% over the last three years.
Poonawalla Fincorp share price history
The share price of Poonawalla Fincorp increased by over 3% over the previous week. It has, however, been in base-building mode for the past month and has fluctuated about 292 apiece levels at that time. Since the middle of February 2023, a profit-booking trigger has been in place for the financial stock. This multibagger stock has lost almost 5% over the past six months, compared to a YTD loss of about 4%. Poonawalla Fincorp shares have given its stockholders a return of almost 5% over the past year. But during the past two years, this multibagger stock has soared from roughly 110 per share to 293 per share, returning almost 165%.
Similarly, in last three years, Poonawalla Fincorp share price has ascended from around ₹13.35 to ₹293 levels, logging around 2100 per cent rise in this time.
Impact on investment
Poonawalla Fincorp share price history, if an investor had invested ₹1 lakh in this multibagger stock one week ago, its ₹1 lakh would have turned to ₹1.03 lakh today. However, if an investor had invested ₹1 lakh in this stock one month ago, its ₹1 lakh would remained almost same with some minor gains. If an investor had invested ₹1 lakh in Poonawalla Fincorp shares at the beginning of 2023, its ₹1 lakh would have turned to ₹96,000 whereas in last six months, it would have dipped to ₹95,000 today. If an investor had invested in this financial stock one year ago, its ₹1 lakh would have turned to ₹1.05 lakh today. Likewise, if an investor had invested ₹1 lakh in this multibagger financial stock two years ago, its ₹1 lakh would have turned to ₹2.65 lakh today.
Similarly, if an investor had invested ₹1 lakh in this multibagger stock three years ago, its ₹1 lakh would have turned to ₹22 lakh today, provided the investor had remained invested in this stock throughout the above mentioned time horizon.
Poonawalla Fincorp share price target
For information to fresh investors, Poonawalla Fincorp share price is expected to go up to ₹415 apiece levels in long term, delivering over 40 per cent return to its shareholders. Poonawalla Fincorp shares are available for trade on both BSE and NSE. It ended on Friday with a market cap of ₹22,462 crore and its 52-week high is ₹343.80 apiece. The 52-week low of this multibagger stock is 209.15 per share.