PNB Housing Finance Ltd (PNBHOUSING)

PNB Housing Finance Reports Strong Financials and Plans for Growth - 02 May, 2024

PNB Housing Finance reported strong financial results in Q4 FY24 with a 57% increase in net profit. The company plans to continue focusing on growing its affordable housing portfolio and emerging market verticals in FY25, with an expected increase in borrowing and total disbursement.

PNB Housing Finance Q4 Results Show Significant YoY Growth - 01 May, 2024

PNB Housing Finance's Q4 results show a 330.91% YoY increase in topline and a 439.96% YoY increase in profit. The company has delivered returns of 4.25% in the last week, 11.99% in the last six months, and 2.8% YTD. As of May 1st, out of nine analysts covering the company, four have given a buy rating and three have given a strong buy rating.

Mixed Recommendations for PNB Housing Stock - 30 Apr, 2024

Analysts have mixed recommendations for PNB Housing stock. While ICICI Securities and Motilal Oswal recommend a buy with target prices of Rs 1010 and Rs 1015 respectively, Goldman Sachs maintains a sell rating with a target price of Rs 650. The company plans to grow its corporate business book in H2.

PNB Housing Finance Reports Strong Q4 Results - 29 Apr, 2024

PNB Housing Finance reports a surge in Q4 net profit beating analysts' estimates, with a rise of 57% YoY to Rs 443.80 crore. The company also reported an increase in assets under management and improvement in GNPA ratio. Standalone net sales for March 2024 were up by 10.69% YoY.

PNB Housing Finance's Share Price Rises 110% in Three Years - 23 Apr, 2024

Despite a recent drop of 11%, PNB Housing Finance's share price has risen by an impressive 110% over the past three years, with a total shareholder return (TSR) of 153%. The CEO is remunerated modestly compared to peers.

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.