PNB Housing Finance shares jumped 10 percent in early trade on Tuesday after the March quarter profit of housing finance company advanced 25 percent to Rs 550 crore. The housing finance company had posted a net profit of Rs 439 crore in the same quarter a year earlier.
Shares of PNB Housing Finance rose 10 percent to touch an intraday high of Rs 1,084.85 per share on the NSE. The stock opened gap-up with a gain of 7.48 percent in today's trading session. The counter has been rising for the last two sessions.
The stock settled at Rs 1,032.6 per share on the NSE, higher by 4.7 percent.
Total income during the quarter rose to Rs 2,037 crore from Rs 1,814 crore in the same quarter of the previous fiscal year.
Meanwhile shares of Go Digit General Insurance slipped 1.63 percent to Rs 304.1 apiece on April 29 as the broader markets shed the early gains amid escalating tensions between India and Pakistan. Go Digit General Insurance's March quarter profit after tax (PAT) surged 118.9 percent to Rs 116 crore from the year-ago period, the company said on April 28. For FY25, PAT rose 133.5 percent to Rs 425 crore from Rs 182 crore in FY24.
Shares of Oberoi Realty dropped 4.29 percent to an intraday low of Rs 1,585.8 per share on the NSE. Later, it pared some losses to trade at Rs 1,626.8, down 1.81 percent. The stock had opened negative by 3.43 percent.
The company had reported 45 percent decline in consolidated net profit at Rs 433.17 crore for March quarter FY25 due to lower income. Its net profit stood at Rs 788.03 crore in the year-ago period. Total income also fell to Rs 1,213.33 crore in January-March 2024-25 from Rs 1,558.56 crore a year ago, according to a regulatory filing.
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