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.

By ETMarkets.com | Updated: Apr 12, 2024, 08.58 AM IST

Promoters held 28.13 per cent stake in the company as of 31-Dec-2023, while FIIs owned 24.7 per cent, DIIs 7.86 per cent.

Motilal Oswal has buy call on PNB Housing Finance Ltd. with a target price of Rs 1000. The current market price of PNB Housing Finance Ltd. is Rs 768.5.

PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 19969.48 Crore) operating in NBFC sector.

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.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1756.00 Crore, down -1.32 % from last quarter Total Income of Rs 1779.40 Crore and down -2.26 % from last year same quarter Total Income of Rs 1796.52 Crore. Company reported net profit after tax of Rs 338.44 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 28.13 per cent stake in the company as of 31-Dec-2023, while FIIs owned 24.7 per cent, DIIs 7.86 per cent.

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