Moneycontrol Be a Pro
Get App
Last Updated : Aug 09, 2017 04:23 PM IST | Source: Moneycontrol.com

Hold PNB Housing Finance; target of Rs 1543: Arihant Capital

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.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.

Outlook

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.

Close

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.



The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 9, 2017 04:23 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant