PNB Housing Finance Shares Fall 3% After Q2 Profit Rises
PNB Housing Finance reported a year-on-year increase in second-quarter profit, while its shares fell 3% on Thursday. Three brokerages rated the shares Buy, with upside potential of up to 34%.
Shares of PNB Housing Finance fell 3 percent on Thursday, October 29 after the company posted 6 percent year-on-year rise in second-quarter profit. The company’s earnings, released on Wednesday, were helped by healthy loan disbursements and strong loan growth in its loan book, while brokerages rem…