PNB Housing finance Results: Profit jumps 45% at Rs. 366.8 Cr.

PNB Housing Finance jumper 13% intraday on 25 Oct 2019 after the results announced which are far better than market expectations.

Impressive results shows 45% increase in Q2 20 profit at Rs. 366.8 Cr vs Rs. 253 Cr in same period last year.

Net Interest Income (NII) jumps 36% at Rs. 628.4 Cr vs Rs. 462.8 Cr YoY.

In last 9 months profit has shown a downtrend of 46% with 52 week low of Rs. 373.80 on 16 Oct 2019

At 11:46 AM on 25 Oct 2019 shares of PNB housing finance are trading at Rs. 504.50 at NSE.

Recommendation: BUY for Long Term

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