PNB Housing Finance jumps 8%
PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA
So far this calendar year, the stock has rallied 56 per cent, as against a 6 per cent rise in the S&P BSE Sensex
Shares of PNB Housing Finance surged 8.5 per cent to Rs 688 per share on the BSE in Monday's intra-day trade after it fully recovered its large corporate non-performing account (NPA) of Rs 784 crore (~1.3 per cent of loan assets as of June 30, 2023).
So far this calendar year, the stock has rallied 56 per cent, as against a 6 per cent rise in the S&P BSE Sensex
Shares of PNB Housing Finance surged 8.5 per cent to Rs 688 per share on the BSE in Monday's intra-day trade after it fully recovered its large corporate non-performing account (NPA) of Rs 784 crore (~1.3 per cent of loan assets as of June 30, 2023).
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