PNB Housing Finance stocks: Buy PNB Housing Finance, target price Rs 507: IIFL | Popgen Tech

IIFL has a buy call with a target price of Rs 507. The current market price of PNB Housing Finance is Rs 498.65. IIFL has recommended to maintain stop loss at Rs 455.

PNB Housing Finance, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 8304.32 Crore) operating in the NBFC sector.

PNB Home Finance’s main Income Products/Segments include Interest, Fees and Commission Income, Income from Sale of Shares and Securities for the year ended 31-Mar-2022.

Financial

For the three months ended 30-09-2022, the company reported Consolidated Total Revenue of Rs 1683.43 Crore, an increase of 19.22% from the last quarter Total Revenue of Rs 1411.99 Crore and up 6.12% from the year which passed Total Revenue of the same quarter of Rs 1586 Crore. . The company reported a net profit after tax of Rs 262.63 Crore in the last three months.

The top management of the company includes Mr.Atul Kumar Goel, Mr.Sunil Kaul, Mr.Neeraj Vyas, Mr.Kapil Modi, Mr.R Chandrasekaran, Mr.Nilesh S Vikamsey, Dr.TM Bhasin, Ms.Gita Nayyar, Mr. Sudarshan Sen. Company has BR Maheshwari & Co as its auditors. As on 30-09-2022, the company has a total of 17 Crore shares outstanding.


Investment Motivation
The stock has an ascending triangle breakout.

Promoter/FII Holdings
The promoters held a 32.57 percent stake in the company as of September 30, 2022, while the FIIs held 23.96 percent, DIIs 3.28 percent.