IIFL Securities Stock Idea: Buy Pnb Housing Fin with Target Rs 925

On January 17, IIFL Securities recommended buying PNB Housing Finance shares, with a target price of Rs 925. The brokerage believes that the stock has a strong potential for growth due to its solid fundamentals and attractive valuations. The current market price of PNB Housing Finance is Rs 904, indicating a potential upside of approximately 2.3%. The stock has been showing positive momentum in recent weeks and is currently trading above its 200-day moving average.

About Pnb Housing Fin:

PNB Housing Finance Limited (Pnb Housing Fin) is a housing finance company in India, providing residential and commercial mortgages, and other financial products. It is a subsidiary of Punjab National Bank (PNB) and is listed on the National Stock Exchange of India (NSE). The company offers a range of loan products, including home loans, loans against property, and construction finance. PNB Housing Fin also offers property-related advisory services, such as property valuation and legal documentation. As of March 31, 2023, the company had a loan book of Rs. 29,213 crores and a net worth of Rs. 2,690 crores.

52 Week Price Trend:

Pnb Housing Fin(NSE:PNBHOUSING) is currently trading at Rs 904, well below its 52-week high of Rs 1202.2. However, it has recovered significantly from its 52-week low of Rs 600.4. This indicates that the stock has the potential for further upside. The company's fundamentals are also strong, with a healthy loan book and a stable net interest margin. Investors may consider buying the stock at its current price for potential capital appreciation in the medium to long term.

Stratzy's MOST Analysis:

PNBHOUSING has received an "AAA" rating from Stratzy's MOST framework, indicating the lowest level of fundamental risks. This rating is based on the company's strong management team, positive outlook, high safety measures, and favourable trend analysis. The "AAA" rating suggests that PNBHOUSING is a financially sound and well-managed company with a low risk of default or significant financial losses.

Fundamental and Technical information provided in this blog were last updated on 17 Jan, 2025

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