Poonawalla Fincorp’s recent gains point to its ability to recover quickly, with an upward trend in the long term.
Poonawalla Fincorp
Poonawalla Fincorp Limited is a leading NBFC that focuses on consumers and MSME finance. Being a consistent top company in the financial sector, Poonawalla Fincorp has taken some valuable decisions to strengthen its position. Recent announcements indicate significant developments intended to accelerate growth while keeping a robust emphasis on engaging and retaining employees.
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Employee Stock Option Plan - A Move For Internal Growth
As a way to increase workforce morale, Poonawalla Fincorp Limited has allotted 1,000 equity shares under their Employee Stock Option Plan - 2021, which is consistent with the company's goals. Due to this decision, the company’s issued, subscribed, and paid-up equity share capital has gone up significantly to Rs. 1,55,60,20,500. This move has ensured the company a greater alignment between employee’s interests and company goals. Thus, Poonawalla has created a more committed workforce that will make contributions to the company for a longer time.
Apart from this, the company has also granted 75,000 stock options to eligible employees under its Employee Stock Option Plan-2024, Scheme-II. This plan, which is under SEBI regulations, can further motivate the employees to continue their support and contribute to the company's success.
Upgrade in Credits Further Enhances Performance
The financial strength of Poonawalla Fincorp is further reaffirmed by the recent upgrade in its credit rating. Brickwork Ratings, one of the prominent credit rating agencies, has upgraded the company's rating to BWR AAA/Stable for its non-convertible debentures (NCDs) amounting to Rs. 164.71 Crores. The upgrade thus reflects the strong capitalization, liquidity position, and overall financial health of the company.
The upgrade is due to the company’s impressive growth in assets under management (AUM), reaching Rs. 30,984 Crores, a 41% year-over-year increase. This not only strengthens their position in the market but also sets a positive outlook for their future.
Poonawalla Fincorp Continues to Strive
Despite facing a decline over the past month, Poonawalla Fincorp’s recent gains point to its ability to recover quickly, with an upward trend in the long term. The company demonstrated outstanding growth by gaining cumulative returns. The stock outperformed its sector by 2.59%, showing a positive trend in its performance. In two days, Poonawalla Fincorp has recorded a cumulative return of 4.97%, which indicates that the company is going strong.
Conclusion
Overall, an upgrade in credits, strong asset management, and workforce initiatives, make Poonawalla Fincorp a competitive financial company. Their focus on engaging employees and retaining them through stock options will contribute significantly to the productivity level of the company. Hence, while the company keeps growing, it will also witness positive development in its workforce and financial performance.
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