PNB Housing Finance zooms on opening `Roshni` branches for affordable housing loans
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PNB Housing Finance is currently trading at Rs. 504.25, up by 37.10 points or 7.94% from its previous closing of Rs. 467.15 on the BSE.
The scrip opened at Rs. 478.45 and has touched a high and low of Rs. 504.90 and Rs. 461.05 respectively. So far 71651 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 536.20 on 17-Dec-2021 and a 52 week low of Rs. 312.00 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 519.00 and Rs. 420.10 respectively. The current market cap of the company is Rs. 8108.24 crore.
The promoters holding in the company stood at 32.57%, while Institutions and Non-Institutions held 26.52% and 40.91% respectively.
PNB Housing Finance has opened 'Roshni' branches in various locations, including tier II and III cities, for deepening its customer base in the affordable housing segment. Through its affordable home loan scheme Roshni, the company has also renewed its commitment towards the government's Housing for All mission.
Under this initiative, the company will offer retail loans to individuals in the range of Rs 5 lakh to Rs 30 lakh. The company's Roshni branches inaugurated in Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot and Varanasi will cater to customers in this segment.
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.
