POONAWALLA FINCORP increases its risk exposure and slightly lowers to Neutral
POONAWALLA FINCORP (IN), a company active in the Speciality Finance industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date February 18, 2022, the closing price was INR 254.25 and its expected value was estimated at INR 249.94.Magma Fincorp Limited is a non-banking finance company. The Company is primarily engaged in the business of asset financing. Its principal activities include Financing for Tractors, Commercial Vehicle (CV), Construction Equipment (CE), Cars and Used Vehicles, and mortgage and loans to micro, small and medium enterprises (MSME). Its segments include Finance and mortgages, which includes asset finance and housing finance; General insurance, which includes general insurance business, and Others, which includes windmill and other allied activities. The Company, through Magma HDI General Insurance Company Limited, a joint venture between the Company and HDI Global SE, offers motor insurance, liability insurance, fire insurance, engineering insurance, marine insurance, and burglary and risk insurance. It provides loans for a range of used commercial vehicles from small commercial vehicles to tractor trailers. It offers home loans for residential, commercial and plot collateral security.
Empowering Investors
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
- Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization. theScreener state of art: We provide
- theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
- For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.