PNB HOUSING FINANCE STOCK UPDATE
Stocks in news: Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health
Nifty surpasses 24,300 with bullish momentum. Key companies perform well: Bajaj Finance, Vedanta, L&T Finance. Hindustan Zinc focuses on silver production growth. Indiabulls Housing Finance rebrands to Sammaan Capital. Star Health targets doubling Gross Written Premium.
Inox Wind, CE Info Systems among 10 stocks that saw recent coverage by brokerages
In the last week, quite a few companies came on the radar of various brokerages, which initiated coverage on the same. Brokerages like Goldman Sachs, Bernstein, Nuvama initiated coverage on stocks like TBI Tek, CE Info Systems and PNB Housing Finance among others with upside potential of up to 34%. Below is the list of recent coverages:
Ujjivan SFB to work on key focus areas
The SFB entered new states in FY24, which is expected to support the loan book growth in the medium term. The analysts have trimmed the earnings expectations citing possibility of higher loan loss provisioning over the next two years.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 175.71 points up at 24044.5
Hot Stocks: 3 stocks that may give returns between 16-33%
Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.
Quant Mutual Fund added 27 stocks to its portfolio in May. Do you own any?
Quant Mutual Fund is under Sebi inquiry for suspected front-running, leading to search and seizure operations in Mumbai and Hyderabad.
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These 8 smallcap stocks with low PE ratios can rally up to 25%
Low PE stocks, often regarded as value stocks, are typically favoured for long-term investments. According to Trendlyne data, Narayana Hrudayalaya, CreditAccess Grameen, and PNB Housing Finance are currently trading at lower PE ratios compared to their respective industry averages. Despite belonging to different sectors, these stocks have the potential to rally by up to 25%, as suggested by Trendlyne data. Here is a list of 8 smallcap stocks from the Nifty Smallcap100 index with below industry PE levels that can rally up to 25%:
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 0.91 points up at 23516.9
PNB Housing Finance shares tumble nearly 5% after large block deal
Shares of state-owned PNB Housing Finance dropped 4.8% to Rs 800 in early Thursday trading on the BSE, after a block deal where 1.36 crore shares changed hands. Asia Opportunities Fund and General Atlantic likely sold a 5.2% stake at a floor price of Rs 773, an 8% discount from the previous close of Rs 840.
Sensex, Nifty off to a muted start tracking Asian peers
The BSE Sensex was trading 64 points, or 0.08%, higher at 77,454. The Nifty50 was up 4 points, or 0.02%, trading at 23,520 around 9:27 am.
Stocks in news: Vedanta, PNB Housing, Best Agrolife, Mas Financial, Brigade Enterprises
Domestic markets closed nearly unchanged on Wednesday amidst mixed signals. Vedanta plans to cut carbon emissions by 25% by 2030. Best Agrolife receives approval for new insecticide Nemagen. Mas Financial launches Rs 400 crore QIP. Brigade Enterprises signs Rs 150 crore agreement for WTC tower at Infopark, Kochi. PNB Housing Finance stake sale expected on Thursday.
GAIL, PNB, IREDA among PSU stocks that mutual funds exited before election results
Mutual funds sold shares in several PSU stocks in May ahead of the June 4 outcome with GAIL (India), Punjab National Bank (PNB), Power Finance Corporation (PFC), NHPC and Indian Renewable Energy Development Agency (IREDA) witnessing complete exit by individual mutual funds.
Bajaj Housing Finance files papers for Rs 7,000 crore IPO
Bajaj Housing Finance, a non-deposit taking housing finance company, has filed Rs 7,000 crore IPO DRHP with fresh equity shares and OFS. In the OFS, Bajaj Finance will off-load its shares.
Rahul Shah's two top stock picks from HFC space
If I look at it, last quarter numbers were bad for most of the IT companies and I would still wait and there is a lot of other opportunities in the markets versus IT companies. So, I would still wait. Just because the valuations are compelling, one should not get in. But there are other serious pockets where the money will be made versus the IT pack.
PSU banks still remain top bet in financial space: Rahul Shah
I think the mood is very positive. Obviously, as you rightly said, a lot of people missed out last Tuesday when we saw the sell-off in the markets and obviously, so I think luckily most of them are still holding on to their positions and not sold it and they are just riding it.
Bajaj Housing Finance board approves plan to raise Rs 4,000 crore via IPO
Bajaj Housing Finance, currently a subsidiary of Bajaj Finance, is among 15 NBFC and housing finance companies (HFCs) classified in the so-called upper layer of the RBI, according to a list that was released on September 30, 2022.
PNB Housing Finance shares drop over 8% after 2.7% equity change hands
PNB Housing Finance shares experienced a significant decline of over 8%, reaching the day's low at Rs 724 in Wednesday's trading on the BSE. This drop followed a sizable block deal where 2.7% of the equity changed hands.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 143.61 points down at 22744.55
Stocks in news: RIL, Hindalco, PNB Housing, Grasim, Tata Steel
State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.
LIC Housing Finance Q4 Results: Net profit falls over 7% YoY to Rs 1,091 crore
The net profit in the year-ago period was Rs 1,180 crore. The company's board recommended a 450% dividend for FY24. In other words, shareholders would get Rs 9 per equity share of Rs 2 each, subject to their approval.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 17.3 points down at 22200.55
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 17.3 points down at 22200.55
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 49.45 points down at 22168.4
Regulatory tightening over? Time to revisit. 5 housing finance stocks with upside potential of up to 39%
To some the news of the possible changes in project finance by banks and other sectoral lenders might appear to have come out of the blue. But the fact is that RBI has been in a process of tightening and cleaning up the system of every segment and subsegment of banking and financial services for more than the last one and a half years. Infact the first set of companies where the tightening of the norms was implemented were housing finance companies. Right from raising capital to disbursement norms, everything was tightened. Whenever there is tightening of norms, stocks from that sector tend to correct. Same has been the case with housing finance companies, they have underperformed in the last one year of bull run. But as the companies adjust to new norms, there will be some players who probably would make a comeback faster. Given the fact that despite all the problems which the sector has faced, it has still grown on an overall basis and there is no reason to believe that this will not happen in future.
PNB Housing Finance Q4 Results: Profit zooms 57% to Rs 439 crore on steady demand for home loans
Its loan assets grew by 10% year-on-year to Rs 65,358 crore at the end of March, while retail loans grew by 14% to Rs 63,306 crore. PNB Housing Finance's corporate loan book shrank 46% in FY24 to Rs 2,052 crore as it had tried to de-risk the portfolio.
Buy PNB Housing Finance, target price Rs 1000: Motilal Oswal
PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities and Income From Financial Services for the year ending 31-Mar-2023.
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