IIFL Securities's Stock Idea: Buy Pnb Housing Fin with Target Rs 958

IIFL Securities has given a 'buy' call on PNB Housing Finance, with a target price of Rs 958, indicating a potential upside of over 2%. The brokerage believes that the company's strong fundamentals, including its focus on affordable housing and its healthy loan growth, make it an attractive investment opportunity. PNB Housing Finance's current market price stands at Rs 932.1, offering a favorable entry point for investors seeking to benefit from its growth prospects.

About Pnb Housing Fin:

PNB Housing Finance Limited is an affordable housing finance company in India, incorporated in 1988. It is a joint venture between Punjab National Bank (50% stake) and various other entities. PNB Housing Fin offers a wide range of housing finance products to meet the needs of individuals and developers. It provides home loans, loans for purchase of affordable homes, loans for construction of homes, loans for renovation and repair of homes, and loans for purchase of commercial properties. The company also provides non-housing finance products such as loans against property and business loans.

52 Week Price Trend:

PNB Housing Finance (PNBHOUSING) is currently trading at Rs 932.1, having fluctuated significantly over the past year. Its 52-week high of Rs 1202.2 reflects a potential upside of 29.1%, while its 52-week low of Rs 600.4 indicates a potential downside risk of 35.4%. Investors should carefully evaluate PNBHOUSING's fundamentals and market conditions before making investment decisions.

Stratzy's MOST Analysis:

PNBHOUSING has received a BBB rating by Stratzy's MOST framework, indicating medium fundamental risks. This assessment is based on the company's management, outlook, safety, and trend. The framework scores each pillar and combines them to determine an overall rating. A BBB rating suggests that PNBHOUSING has competent management, a stable outlook, adequate safety measures, and a positive trend. However, it also indicates that there are some areas where the company could improve its fundamentals.

Fundamental and Technical information provided in this blog were last updated on 03 Jan, 2025

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