Buy PNB Housing Finance, target price Rs 460: IIFL

IIFL has buy call on PNB Housing Finance with a target price of Rs 460. The current market price of PNB Housing Finance is Rs 438.45. Time period given by analyst is Intra Day 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 7392.50 Crore) operating in NBFC sector.

PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Fees & Commission Income and Income From Financial Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1495.61 Crore, down -5.72 % from last quarter Total Income of Rs 1586.41 Crore and down -21.13 % from last year same quarter Total Income of Rs 1896.35 Crore. Company reported net profit after tax of Rs 188.45 Crore in latest quarter.

Investment Rationale
Stock has given a double-bottom breakout on the hourly chart

Promoter/FII Holdings
Promoters held 32.57 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.3 per cent, DIIs 2.49 per cent.