PNB Housing hits 52-week high as board OKs raising Rs 2,500-cr via NCDs

The issue will be done on a private placement basis, in tranches over the next six months.

PNB Housing Finance is a deposit-accepting housing finance company, with second largest deposits outstanding within housing finance companies. The company provides housing loans to individuals for purchase, construction, repair, and upgrade of houses.

The company's consolidated net profit rose 24.6% to Rs 432.81 crore on 7.3% increase in total income to Rs 1,832.08 crore in Q1 FY25 over Q1 FY24.

The counter hit a 52-week high of Rs 1,109.90 in intraday session.