Do you own this multi-bagger stock that delivered over 500 per cent returns in just one year?

From trading at Rs 30.65 per share to Rs 175.45 in just one year, the stock has zoomed by 500.98 per cent. On a YTD basis, it has cheered investors with returns of 349.82 per cent.

For the past one year, the equity markets have been strongly recovering from the dip caused due to the first hit of the pandemic. Though the performance of the equity markets had become shaky during the second wave of the pandemic; currently, the equity markets are elating the investors' with its performance. 

The stock that we are highlighting in this article is Poonawalla Fincorp Limited (formerly known as Magma Fincorp Limited), which is a non-deposit-taking non-banking finance company (NBFC), registered with Reserve Bank of India (RBI). In May 2021, Adar Poonawalla-led Rising Sun Holdings Private Limited acquired a controlling stake in Magma Fincorp as well as Magma Housing Finance. In its new avatar under Poonawalla brand, the Group will be focussing on the consumer and MSME segments. 

The company has declared its quarterly financial results for the first quarter of FY22. In Q1FY22, its net interest margin was 7.9 per cent, up from 6.8 per cent in Q1FY21. The consolidated PBT for Q1FY22 stood at Rs 81 crore, expanding 72 per cent on a YoY basis. Return on assets stood at 1.8 per cent, up from 0.9 per cent in Q1FY21.  

From trading at Rs 30.65 per share to Rs 175.45 in just one year, the stock has zoomed by 500.98 per cent. On a YTD basis, it has cheered investors with returns of 349.82 per cent.  

Today, the stock of Poonawalla Fincorp is trading at Rs 184.20 per share, which is 4.99 per cent up on BSE.