Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research.
The company reported a net loss of Rs 471 crore, due to the credit cost of Rs 910 crore, including Rs 670 crore one-time provisioning on the short-term personal loans (STPL) book.
Poonawalla Fincorp's new MD & CEO highlighted the broad strategic direction for the company with incremental investments going towards strengthening collection infra, presence, credit & analytics