As much as 2.5 crore shares, representing a 9.5 percent stake in PNB Housing Finance were sold in a block deal on November 13, with Quality Investment Holdings being the likely seller. The deal, which saw shares being sold at a floor price of Rs 943 apiece, was worth a total of Rs 2,300 crore.The block deal triggered a fall in shares of PNB Housing Finance as the stock plunged 7 percent to a low o...

Stocks in FocusLet's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:Results TodayEicher Motors, Alkem Laboratories, Apollo Tyres, Vodafone Idea, Astrazeneca Pharma, Brigade Enterprises, Dilip Buildcon, Dishman Carbogen Amcis, Deepak Nitrite,...

PNB Housing Finance | It is India's third-largest housing finance company as of FY24, with an AUM of Rs 71,243 Cr and a loan book of Rs 65,358 Cr. It also holds Rs 17,783 crore in deposits. The company aims to grow its retail loan book to over Rs 1 lakh Cr by FY27, targeting a CAGR of 16% from FY24 to FY27. Affordable housing is expected to contribute 14-16%, while the emerging markets segment is ...

Banking stocks were on shaky ground on June 4 as investors rushed to book profits after yesterday's record-high moves. Shares of Bank of Baroda, PNB, SBI, Bandhan Bank, Axis Bank, and IndusInd Bank, among others slipped up to 9 percent, as against a 5 percent decline in the Bank Nifty index.The overall market sentiment also deteriorated after the NDA-led coalition secured seats below exit poll est...

Banking stocks HDFC Bank, ICICI Bank, State Bank of India (SBI), and Punjab National Bank, among others, have slipped as much as 9 percent in the past 3 days after the Reserve Bank of India (RBI) proposed norms to tighten project financing by setting standard asset provisioning of up to 5 percent on loans.However, reports suggested that the lenders are likely to oppose imposition of higher provisi...