NBFC stock engaged in the business of providing loans for the purchase, construction, repair, and upgrade of houses, along with offering loans for various purposes jumped 8 percent in the day’s trade after Goldman Sachs, the Government of Singapore and others bought stake in it.
Price Action
With a market capitalization of Rs. 30,794 Crores, the shares of PNB Housing Finance Limited were trading at Rs. 1,185.50 per equity share, up 7 percent from its previous day’s close price of Rs. 1,109.
What Happened
As per the Bulk/block deals available on NSE, Asia Opportunities V (Mauritius) Limited has sold 16.22 Lalk equity shares of PNB Housing Finance Limited at an average price of Rs. 1,097.30 per equity share, for a total consideration of Rs. 178 Crores
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On the other hand, the Government of Singapore has purchased 13.16 Lakh equity shares of PNB Housing Finance Limited at Rs. 1,097.30 for Rs. 144.42 Crores. In Addition, the Monetary Authority of Singapore and Goldman Sachs have purchased 2.14 Lakh shares and 92,000 shares at an average price of Rs. 1,097.30 for Rs. 23.46 Crores and Rs. 10 Crores respectively.
About the Company
PNB Housing Finance Limited is primarily engaged in the business of providing loans for the purchase, construction, repair, and upgrade of houses, along with offering loans for commercial space, loans against property, and loans for the purchase of residential plots.
Financials and Ratios
Its total income grew by 6.76 percent from Rs. 1,707.63 Crores in Q1FY24 to Rs. 1,823.06 Crores in Q1FY25, accompanied by profits of Rs. 347.32 Crores to Rs. 432.81 Crores.
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In terms of Return ratios, it has reported a return on equity (ROE) of 11.61 percent and a return on capital employed (ROCE) of 9.24 percent.
Written by: Bharath K.S
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