PNB Housing Finance Ltd up by 19.99 percent | Espresso

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Espresso shot of the day – PNB Housing Finance Ltd up by 19.99 percent

May 31, 2021
Espresso shot of the day – PNB Housing Finance Ltd up by 19.99 percent

PNB HOUSING FINANCE LTD 525.20 (+19.99 %) BSE – INE572E01012 | 31ST MAY 2021

PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing Finance Limited is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016. With over three decades of specialised experience in housing finance, PNB Housing Finance Limited has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.

Recent Drivers

  • On May 31, 2021, the board of PNB Housing Finance Limited approved a capital raise of up to Rs 4,000 crores, led by entities affiliated to the Carlyle Group Inc. 
  • On May 24, 2021, PNB Housing Finance Limited executed a revised Trademark Agreement (Agreement) with Punjab National Bank.
  • On April 28, 2021, PNB Housing Finance Limited reported quarterly net profit at Rs 127.03 crores in March 2021.
  • On April 28, 2021, PNB Housing Finance Limited reported net sales at Rs 1,831.68 crores in March 2021.
  • On March 5.2021, PNB Housing Finance Limited said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates.


 (Sources: Moneycontrol, Business Standard)

Technical Force*

  • S&P BSE 500 month till date gain up by 6.94%
  • Traded on new 52 week High value: 525.20
  • Touched Upper Circuit Rs 525.20
  • 3 months avg volume of NSE: 3,49,172
  • Quantity traded : 95,996 | Deliverable quantity : 40,588 (42.28%)
  • Stock price has jumped more than 190 % from one year low level, 01, June 2020
  • Daily RSI (14) is in overbought territory today
  • 52 week high: 525.20| 52 week low­­: 172.35

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1013.68

796.47

580.43

363.22

147.18

-

-

-

Fibonacci Pivot

796.47

630.97

528.72

462.86

363.22

263.57

197.72

95.47

-


Today’s Close

525.20

SMA

BSE

10 DAY

423.64

20 DAY

397.85

50 DAY

385.97

200 DAY

363.95

Some Key Ratios (Source: BSE)

Market Cap: 8,837.44crores

PE: 7.96

OPM%: NA

ROE%: 10.43

Promoters holding%: 32.64

Prev. Close: 437.70

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.