Read more about PNB Housing Finance must look at cost of funds, rising defaults: Experts on Business Standard. It factored in clarity around the equity fundraise in recent months and continued strong resource-raising ability at competitive rates
ICICI Securities has buy call on
PNB Housing Finance with a target price of Rs 678. The current market price of PNB Housing Finance Ltd. is Rs 630.2. Time period given by analyst is one year when PNB Housing Finance Ltd. price can reach defined target.
PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 8845.01 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1833.90 Crore, down -3.29 % from last quarter Total Income of Rs 1896.35 Crore and down -6.04 % from last year same quarter Total Income of Rs 1951.84 Crore. Company reported net profit after tax of Rs 127.03 Crore in latest quarter.
PNB Housing Finance will raise Rs 4,000 crore from The Carlyle Group.
Shares of the country s leading mortgage lender - PNB Housing Finance - were locked in 20 per cent upper circuit for second session in a row on Tuesday at fresh 52-week high of Rs 630.20. In the last two trading sessions the stock has gained 44 per cent after the company informed exchanges on Monday that its board has approved raising Rs 4,000 crore from the entities of US-based The Carlyle Group. Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. (together, Carlyle ) has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share. Existing shareholders of the company, funds managed by Ares SSG and General Atlantic, are also participating in the capital raise. PNB will continue to be the promoter and a key stakeholder in the company, PNB Housing Finance said in a press rele
India Business News: In a move that will trigger an open offer under Sebi’s takeover laws, US-based Carlyle has consolidated its investment in PNB Housing Finance and has
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While PNB Housing Finance managed another 20 per cent upper circuit move, other housing finance stocks also jumped, between 3 and 18 per cent.
PNB Housing Finance managed another 20% upper circuit move.
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While this space will not effusively speak of who and what Aditya Puri is given that so much has already been said about the former HDFC Bank supremo, but his entry in