Arihant Capital is bullish on PNB Housing Finance has recommended Hold rating on the stock with a target price of Rs 1543 in its research report dated August 07, 2017.
Arihant Capital' research report on PNB Housing Finance
PNB Housing Finance Ltd. reported strong growth this quarter. Net profit increased to Rs 185 Cr registering robust growth of 93% YoY & 21% sequentially. Net Interest Income registered a growth of 64% to INR 343.6 crore from INR 209.2 crore YoY.
We have pegged a multiple of 3.9(x) to FY 19E ABV & arrived at a fair value of Rs 1701 per share. At CMP of Rs 1543 the stock is available at its FY 19E P/ABV of 3.5(x). We have “HOLD” rating on the stock.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.