PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 5803.29 Crore) operating in NBFC sector.
AgenciesPromoters held 32.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 24 per cent, DIIs 3.6 per cent and public and others 39.8 per cent.
Motilal Oswal has given a neutral rating to PNB Housing Finance with a target price of Rs 360. The share price moved up by 0.57 per cent from its previous close of Rs 345.05. The stock’s last traded price is Rs 347.
PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 5803.29 Crore) operating in NBFC sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2015.51 Crore, up 7.78 % from last quarter Sales of Rs 1870.06 Crore and down 9.61 % from last year same quarter Sales of Rs 2229.71 Crore Company has reported net profit after tax of Rs 313.29 Crore in latest quarter.
Investment Rationale The brokerage increases FY21 EPS estimates by ~25% to factor in the NII beat and increase our FY22 EPS estimate by 7%. It maintains Neutral with a TP of INR 360 (0.6x Sep’22E BVPS).
Promoter/FII Holdings Promoters held 32.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 24 per cent, DIIs 3.6 per cent and public and others 39.8 per cent.
Agencies
