PNB Housing Finance rises on eyeing 22% growth in fresh loan sales in FY24
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PNB Housing Finance is currently trading at Rs. 616.00, up by 8.00 points or 1.32% from its previous closing of Rs. 608.00 on the BSE.
The scrip opened at Rs. 621.95 and has touched a high and low of Rs. 621.95 and Rs. 606.75 respectively. So far 4998 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 699.00 on 25-Jul-2023 and a 52 week low of Rs. 283.13 on 04-Aug-2022.
Last one week high and low of the scrip stood at Rs. 647.45 and Rs. 598.05 respectively. The current market cap of the company is Rs. 15833.26 crore.
The promoters holding in the company stood at 28.15%, while Institutions and Non-Institutions held 32.38% and 39.47% respectively.
PNB Housing Finance is eyeing a 22 per cent growth in fresh loan sales this fiscal (FY24). The company, promoted by Punjab National Bank, has an aggressive growth plan and has set an internal target of crossing the Rs 1 lakh crore-mark on the assets side in the next three to three-and-a-half years.
In the June quarter, PNB Housing Finance saw its retail loans, which is 94 per cent of its assets, growing 11 per cent to Rs 56,978 crore. The assets stood at Rs 60,395 crore, which was 5 per cent more than the year ago quarter.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
