Shares of PNB Housing Finance rise sharply after the company reports its first-quarter performance. NDTV says the stock climbs as much as 8.38% to reach a fresh 52-week high of Rs 1,138 per share, and at around 9:27 am it is up 6.97% at Rs 1,123.20. It notes the broader market, with the BSE Sensex up 0.47% at 78,795.59 at the same time.
Economic Times attributes the rally to improvements in the lender’s Q1 operating picture. It reports that Q1 profit increases by about 4% year-on-year, and that loan assets expand by roughly 15%. The outlet also describes asset quality as stable and the company’s capital position as healthy, even as net interest margins decline modestly.
Together, the reports indicate that investors respond positively to the Q1 earnings growth and loan book expansion, while monitoring offsetting pressure from a slight fall in net interest margins.
