PNB Housing Finance Ltd Share Price (PNBHOUSING)

PNB Housing Plans Transformation into Wide Mortgage Lender - 12 Apr, 2024

PNB Housing Finance is set to transform into a lender that offers a wide bouquet of mortgage products across cohorts of product and customer profiles. The company has prioritized the retail segment by reducing corporate loans in the overall loan mix through down-selling, recoveries, and ARC sales. Analysts project healthy growth rates and favorable risk-reward for investors. ICRA recently upgraded its non-convertible debentures rating to AA+.

IIFL Finance and JM Financial Products face loan disbursement ban - 11 Apr, 2024

IIFL Finance was barred from disbursing fresh gold loans due to concerns over deviations in assaying and certifying the purity of gold. Similarly, JM Financial Products was banned from extending loans against shares and bonds after an inspection revealed serious deficiencies in financing IPOs and bond offerings.

PNB Housing Finance to Resume Corporate Lending for Retail Growth - 10 Apr, 2024

PNB Housing Finance plans to resume corporate lending this year to fuel growth in the retail segment. Experts suggest that NBFCs are better placed to manage asset quality stress, but HFCs are expected to grow their builder finance portfolios as recovery and resolution of stressed assets improve.

PNB Housing Finance Receives Overweight Call from Morgan Stanley - 02 Apr, 2024

Morgan Stanley has given PNB Housing Finance an overweight call with a target price of Rs 970 per share, citing healthy loan growth, improved asset quality, and attractive valuations. The stock surged 20% and hit the upper circuit. CARE Ratings and ICRA have also upgraded the company's long-term rating to AA+.

PNB Housing Finance Shares Surge on Positive Developments - 01 Apr, 2024

Shares of PNB Housing Finance surged over 14% following a bullish outlook and rating upgrades. Global brokerage firm Morgan Stanley assigned an overweight rating with a target price of Rs 970 per share, while CARE Ratings and ICRA upgraded the company's long-term ratings citing improved asset quality metrics and strengthened capitalisation profile.

PNB Housing Finance Receives Ratings Upgrade by CARE Ratings - 30 Mar, 2024

CARE Ratings has upgraded PNB Housing Finance's ratings to AA+ (Stable) from AA (Positive), reflecting the company's improving asset quality, strong market position, and well-diversified resource profile. The stable outlook is based on expectations of profitable business growth, healthy resource-raising ability, and strong internal accruals.

ICRA Upgrades PNB Housing's Ratings to AA+ with Stable Outlook - 29 Mar, 2024

Credit rating agency ICRA has upgraded PNB Housing Finance's debt instrument rating to ICRA AA+ (Stable) from ICRA AA (Positive), citing sustained improvement in the company's credit profile driven by improved asset quality metrics and strengthened capitalisation profile. The reported gross non-performing assets declined to 1.7% as on 31 December 2023, aided by sale to ARCs, write-offs, recoveries, and lower incremental slippages. The rating remains constrained by moderate profitability metrics.

PNB Housing Finance Ltd's Low P/E Ratio Due to Lower Forecasted Growth - 19 Mar, 2024

PNB Housing Finance Ltd has a lower P/E ratio than the market due to its forecasted growth being lower than the wider market. Shareholders are accepting the low P/E as they concede future earnings probably won't provide any pleasant surprises, and it's hard to see the share price rising strongly in the near future under these circumstances.