IIFL Securities Stock Idea: Buy Pnb Housing Fin with Target Rs 840

IIFL Securities issued a buy call for PNB Housing Finance on June 11, setting a target price of Rs 840. This represents a potential upside of approximately 4.3% from the current market price of Rs 805.4. While the underlying reasons for the recommendation have not been disclosed, it is important for investors to thoroughly research the stock and consider their own risk tolerance before making any investment decisions.

About Pnb Housing Fin:

PNB Housing Finance Limited (PNB Housing Fin) is a housing finance company in India. It offers home loans, as well as loans against property. The company also provides lease rental discounting and micro-housing loans. PNB Housing Fin is a subsidiary of Punjab National Bank. As of March 31, 2023, the company had a loan book of over ₹94,800 crores. PNB Housing Fin is headquartered in New Delhi, India.

52 Week Price Trend:

PNB Housing Finance's current market price (CMP) of Rs 805.4 falls within a significant range defined by its 52-week high and low prices of Rs 913.95 and Rs 383.06, respectively. This range indicates that the stock has experienced substantial volatility over the past year. While the current price is closer to the upper end of the range, it is still below the all-time high, suggesting potential for further upside. However, investors should be aware of the stock's price fluctuations and consider the potential risks and rewards before making any investment decisions.

Stratzy's MOST Analysis:

PNBHOUSING has been rated BBB by Stratzy's MOST framework due to its satisfactory performance in terms of Management, Outlook, Safety, and Trend. This rating indicates a Medium Fundamental Risk, which means that the company possesses moderate financial strength and stability. The company's sound management practices, positive outlook for future growth, adequate safety measures, and stable trend in financial performance contribute to its BBB rating.

Fundamental and Technical information provided in this blog were last updated on 11 Jun, 2024

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