PNB HOUSING FINANCE FORMING ROUNDING BOTTOM
The stock has been forming an beautiful rounding bottom pattern on the weekly timeframe , the stock has good momentum as well as volumes supported by absolutely stunning fundamentals and brand value
The company is the third largest Housing finance co in india with AUM of 71200 cr profIts and sales both are highestever, industry PE is at 23 while company's PE is mere 16 , DIIs have increased their holding to 10% from 3%, Gross NPA which was 6% in 2021 is 1.5% currently
TARGET 1 - 1164 SHORTERM
TARGET 2 - 1378
TARGET 3 - 2591 LONGTERM
The company is the third largest Housing finance co in india with AUM of 71200 cr profIts and sales both are highestever, industry PE is at 23 while company's PE is mere 16 , DIIs have increased their holding to 10% from 3%, Gross NPA which was 6% in 2021 is 1.5% currently
TARGET 1 - 1164 SHORTERM
TARGET 2 - 1378
TARGET 3 - 2591 LONGTERM
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