PNB Housing Finance reports strong Q4 results, Stock Up

Shares of India’s leading home loan provider PNB Housing Finance Ltd surged over 9pc to hit its share price at intraday high of Rs.764-per share on Friday after the company reported a 51-pc rise in its consolidated net profit at Rs.379.77-crore for Q4FY2019.

As per results, its total income during the March-quarter was up 31pc to Rs.2148.19-Cr as against Rs.1638.48-Cr, YoY. The company, meantime, recommended a final dividend of Rs.9/- per share for 2018-19.

During mid-noon hours of trade, stock of PNB Housing Finance was trading 9.08pc higher at Rs763.95 on the NSE. In comparison, the NSE Nifty gained 0.16pc (15 points) at 11,317.40, while Sensex quoted at 37619-level up 60 points.

The stock opened at Rs728 and has touched a high and low of Rs.764 and Rs. 727 respectively.

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