PNB Housing Finance is currently trading at Rs. 429.45, up by 6.40 points or 1.51% from its previous closing of Rs. 423.05 on the BSE.
The scrip opened at Rs. 424.60 and has touched a high and low of Rs. 432.55 and Rs. 424.10 respectively. So far 31134 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 475.00 on 18-Feb-2021 and a 52 week low of Rs. 165.25 on 27-May-2020.
Last one week high and low of the scrip stood at Rs. 440.00 and Rs. 393.55 respectively. The current market cap of the company is Rs. 7241.42 crore.
The promoters holding in the company stood at 32.64%, while Institutions and Non-Institutions held 27.82% and 39.55% respectively.
PNB Housing Finance has executed a revised trademark agreement with Punjab National Bank (PNB) on May 24, 2021.The key terms of the revised agreement are in the event PNB’s shareholding in PNB Housing falls below 20%, PNB would have the right to terminate the revised agreement.
In case of such termination, PNB Housing shall be allowed a transition period of up to 24 months for change of Brand name and Royalty Fee: PNB Housing will pay a royalty which is higher of 0.2% of Revenue and 2% of PAT subject to a minimum charge of Rs 14.97 crore and a maximum charge of Rs 30 crore. The royalty will be payable upon PNB’s stake falling below 30%.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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