{"id":143885,"date":"2023-04-20T10:16:02","date_gmt":"2023-04-20T14:16:02","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143885"},"modified":"2023-04-20T10:16:03","modified_gmt":"2023-04-20T14:16:03","slug":"the-rise-of-pnb-housing-finance-limited","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/the-rise-of-pnb-housing-finance-limited\/","title":{"rendered":"The Rise of PNB Housing Finance Limited"},"content":{"rendered":"\n

\u201cWe are now slowly trying to change the profile mix, product mix, and also in terms of ticket size. Now we are trying to get more granular and we want to focus on retail. We’ve seen some improvement in terms of the mix of what we want. It’s hardly one quarter, so, it will take some more time to see this impact coming in. So, our salaried share has increased incrementally. Our profile in the product mix, we have seen that HL is gaining more traction when we compare to non-HL, and in the ticket size we are seeing that up to Rs.1 crore the share of the percentage of cases which are being booked are on the increasing side.\u201d<\/em><\/p>– Mr. Girish Kousgi, MD & CEO in Q3FY23 Concall<\/em><\/cite><\/blockquote>\n\n\n\n

Stock Data<\/strong><\/td><\/tr>
Ticker<\/strong><\/td>PNBHOUSING<\/strong><\/td><\/tr>
Exchange<\/strong><\/td>NSE<\/strong><\/td><\/tr>
Industry<\/strong><\/td>FINANCE<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Price Performance<\/strong><\/td><\/tr>
Last 5 Days<\/strong><\/td>-1.32%<\/strong><\/td><\/tr>
YTD<\/strong><\/td>-10.05%<\/strong><\/td><\/tr>
Last 12 Months<\/strong><\/td>+30.22%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*As of 17.04.2023<\/p>\n\n\n\n

Company Description:<\/strong><\/h2>\n\n\n\n

PNB Housing Finance Limited (PNBHFL) is one of the leading Indian housing finance companies, incorporated in 1988. The company is a subsidiary of Punjab National Bank (PNB) and is headquartered in New Delhi, India. It provides housing finance services to individuals and corporate entities for the purchase, construction, repair, and renovation of houses and commercial properties. <\/p>\n\n\n\n

With a rebound in the Indian economy post-pandemic restrictions, PNB Housing Finance has experienced growth in its financials. The company\u2019s recent earnings report reflects strong profits, margins, and a sound capital position. Also, cost management reflects operational efficiency, while the management remains optimistic in terms of improving asset quality.<\/p>\n\n\n\n


Key Strengths:<\/strong><\/h2>\n\n\n\n