Buy PNB Housing Finance, target price Rs 950: Motilal Oswal

Motilal Oswal has buy call on PNB Housing Finance Ltd. with a target price of Rs 950. The current market price of PNB Housing Finance Ltd. is Rs 704.35.

PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 18373.04 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 30-06-2023, the company reported a Consolidated Total Income of Rs 1707.72 Crore, up 4.27 % from last quarter Total Income of Rs 1637.72 Crore and up 20.94 % from last year same quarter Total Income of Rs 1411.99 Crore. Company reported net profit after tax of Rs 347.32 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 28.14 per cent stake in the company as of 30-Sep-2023, while FIIs owned 24.81 per cent, DIIs 7.72 per cent.