PNB Housing Finance moves up on expanding distribution network to 300 branches across India
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PNB Housing Finance is currently trading at Rs. 771.40, up by 7.00 points or 0.92% from its previous closing of Rs. 764.40 on the BSE.
The scrip opened at Rs. 768.30 and has touched a high and low of Rs. 794.40 and Rs. 767.00 respectively. So far 74867 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 913.95 on 25-Jan-2024 and a 52 week low of Rs. 407.00 on 13-Apr-2023.
Last one week high and low of the scrip stood at Rs. 794.40 and Rs. 718.00 respectively. The current market cap of the company is Rs. 20035.10 crore.
The promoters holding in the company stood at 28.13%, while Institutions and Non-Institutions held 32.56% and 39.31% respectively.
PNB Housing Finance has expanded distribution network to 300 branches across India. This strategic growth marks an important milestone in its journey towards providing accessible and varied housing finance solutions to customers. Spread across more than 150 unique cities in the country, the company will now be able to fulfill the home ownership dreams of millions of individuals and contribute towards nation building.
PNB Housing Finance added 100 branches in the last 4 months of FY24 alone, taking the total number to 300. It offers tailored financial solutions through 90 branches dedicated to serving Prime home loan customers, and a robust network of 160 branches to meet the needs of its affordable housing segment Roshni. Further, the company has also diversified into a new category ‘Emerging Markets’, to leverage opportunities in the high-yielding customer segment through 50 branches in select geographies.
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.
