Archive · 5 Aug 2025
Nirmal Bang: Buy PNB Housing Finance Despite CEO Exit
Nirmal Bang, a financial firm, still thinks PNB Housing Finance is a good investment even though their boss is leaving.
They predict the stock could go up about 28%.
They believe the company will keep doing well, especially in affordable housing.
Although they adjusted some expectations due to the leadership change, the company's financial health looks good, and they recommend buying the stock.
Nirmal Bang maintains a 'Buy' rating for PNB Housing Finance despite CEO's resignation.
Target price revised to ₹1,000, implying a 28% upside potential.
Management assures business continuity, focusing on affordable housing and EM segments.
Nirmal Bang expects a slowdown in loan growth and cut NIM expectations for FY27E.
Robust asset quality: GNPA at 1.06% and NNPA at 0.69% as of Q1 FY26.
- Who
- Nirmal Bang and PNB Housing Finance.
- What
- Nirmal Bang recommends buying PNB Housing Finance stock despite CEO resignation.
- When
- Reported after the announcement of the CEO's resignation.
- Where
- Not explicitly stated.
- Why
- Nirmal Bang believes the stock is undervalued, despite expecting some impact from leadership change.
- Analyst Recommendation
- "Buy"
- Target Price
- ₹1,000
- Upside Potential
- 28%
- GNPA
- 1.06%
- NNPA
- 0.69%
- Loan growth FY26E
- 15.3%
Sources
PNB Housing shares enter F&O ban after biggest single-day drop in four years
PNB Housing shares in F&O ban list; stock sheds 4%, extending 5 day fall to 23%
Following CEO exit, PNB Housing strengthens leadership with two senior appointments – Who are they?
PNB Housing Finance shares have 78% upside potential, Goldman Sachs says after recent fall