pnb housing finance: PNB Housing Finance This stock is running smoothly! Investors’ investment doubled in six consecutive sessions – rally in pnb housing finance share
- Shares of PNB Housing Finance hit an upper circuit for six consecutive sessions.
- This stock has become a topic of discussion among investors.
- Investors, however, have been overwhelmed by the surge.
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Shares of PNB Housing Finance saw a break on Wednesday. Shares of PNB Housing Finance fell 5 per cent to close at Rs 809. Earlier in the day, it had touched a high of Rs 866. Today, both capital markets saw a sharp drop in profits. Shares of PNB Housing Finance were also hit. Today, however, the stock is slightly higher.
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Meanwhile, shares of PNB Housing Finance have been the talk of the town for the past week. Shares of PNB Housing Finance hit an upper circuit for six consecutive sessions. The stock has risen 118 per cent in the last 10 sessions.
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Former HDFC Bank CEO Aditya Puri and a private US company have reportedly invested in PNB Housing Finance. Therefore, stock market analysts say that PNB Housing Finance’s stock is up. Analysts say that if Rs 10,000 had been invested in the stock on May 25, 2021, it would be worth Rs 22,000 today.
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News of the company’s capital raising through private investors is the reason for the rise in the stock. It has nothing to do with the financial performance of the company. This could limit the rise in the stock, said Kranti Bathini, an equity strategist at Wealthmills Securities. The last few sessions have seen a big uptick and the upside potential has been met, he said.
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