Poonawalla Fincorp: Deven Choksey Recommends 'Hold' with INR 463 Target

• Poonawalla Fincorp's Assets Under Management (AUM) reached INR 550,170 million in Q3FY26.
• AUM showed strong growth of 77.6% YoY and 15.3% QoQ, driven by secured and unsecured segments.
• The on-book portfolio mix was 56% secured and 44% unsecured.
• Deven Choksey values the stock at 3.1x FY28E ABVPS, setting a target price of INR 463.
• Rating upgraded to 'HOLD' from 'REDUCE' due to strong performance and recent stock correction.

Why It Matters: Deven Choksey recommends 'Hold' for Poonawalla Fincorp, citing strong AUM growth and a target of INR 463.