PNBHOUSING

** India's stock benchmarks Nifty 50 .NSEI and Sensex .BSESN rise 0.8% each, led by financials on earnings optimism and a partial rollback of rupee curbs

** Other Asian markets .MIAPJ0000PUS gain 1.1% as United States expressed confidence that peace talks with Iran would go ahead in Pakistan and a senior Iranian official said Tehran was considering joining MKTS/GLOB

** Brent LCOc1 below $95 a barrel O/R

** Fifteen of 16 major sectors advance; financials .NIFTYFIN rise 0.75%, banks .NSEBANK, private banks .NIFPVTBNK and state-owned lenders .NIFTYPSU up 1.1% each

** ICICI Bank ICBK.NS gains 1.8% after rising 0.7% in the previous session after upbeat quarterly results

** Non-bank lender PNB Housing Finance PNBH.NS jumps 8% after posting higher quarterly profit on strong home loan demand and improved asset quality

** Seafood exporters Coastal Corp COAS.NS, Apex Frozen APEX.NS and Avanti Feeds AVNT.NS jump as U.S. tariff refunds begin

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

April 20 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• PNB HOUSING FINANCE Q4 CONSOL NET PAT 6.56 BILLION RUPEES

• PNB HOUSING FINANCE Q4 CONSOL INTEREST INCOME 20.54 BILLION RUPEES

• PNB HOUSING - RECOMMENDS FINAL DIVIDEND OF 8 RUPEES PER SHARE FOR YEAR ENDED MARCH 31, 2026

Source text: ID:nnAZN4SRPHR

Further company coverage: PNBH.NS

(([email protected];))

** Shares of India's PNB Housing Finance PNBH.NS fall as much as 6.1% to 873.85 rupees; set for a fifth session of drop

** Analysts say Q3 earnings missed estimates due to weak disbursement growth and high operational expenses

** Motilal Oswal Financial Services says disbursements in affordable housing segment down ~15% y/y and 4% q/q

** Housing financier's third quarter profit up 7.7%, while revenue rose 9% y/y

** Meanwhile, co reported fraud worth 2.34 bln rupees related to Sarv realtors, but said amount already written off in fiscal 2022-23

** Stock on avg rated "buy" by 11 analysts; median PT 1,170 rupees

** Stock up 8.4% in 2025

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

Jan 21 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• Q3 CONSOL NET PAT 5.2 BILLION RUPEES

• Q3 CONSOL INTEREST INCOME 20.19 BILLION RUPEES

Further company coverage: PNBH.NS

(([email protected];;))

** Shares of PNB Housing Finance PNBH.NS rise 1.7% to 948.9 rupees

** India Ratings and Research assigns a stable AAA rating to the non-banking financier's new borrowings and reaffirms the same rating on its existing debt

** Stock rated "buy" on avg; median PT 1100 rupees - data compiled by LSEG

** Stock up 7.5% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of PNB Housing Finance PNBH.NS plunge 15.4% to four-month low of 834 rupees

** Set for biggest daily pct drop since Oct 2018

** Housing finance co says MD and CEO Girish Kousgi resigns; to step down on Oct 28

** SBI Securities says CEO resignation a negative for stock in near-term

** Trading volume at 8 million shares, nearly 7x 30-day average

** YTD, stock down 5%

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of PNB Housing Finance PNBH.NS rise as much as 2.84% to 1,115 rupees

** The housing finance lender posts a 23% rise in first-quarter profit after market hours on Monday, helped by steady home loan demand

** Total loan disbursements jump 14% in the June quarter, with those for affordable housing growing 30%

** Trading volume 1.52 mln shares, as of 9:42 a.m. IST, about 1.8 times the 30-day average, data compiled by LSEG shows

** PNBH shares up 23.5% in 2025 so far, outperforming the 1% rise in the small-cap index .NIFSMCP100

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

July 21 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• PNB HOUSING FINANCE JUNE QUARTER CONSOL NET PAT 5.34 BILLION RUPEES

• PNB HOUSING FINANCE JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 20.76 BILLION RUPEES

Source text: [ID:]

Further company coverage: PNBH.NS

(([email protected];))

** Home First Finance Company India HOME.NS up 5%, Aadhar Housing Finance AADA.NS up 1.3%

** Aptus Value Housing Finance India APTS.NS gains 1.4%, PNB Housing Finance PNBH.NS inches up 0.3%

** Aavas Financiers AVAS.NS down 0.5%

** Bernstein initiates coverage on affordable housing financiers, with "outperform" ratings on HOME, APTS, and AADA, and "market-perform" on AVAS and PNBH

** Expects next leg of retail credit growth to be led by mortgages - Bernstein

** "Specialised lenders focused on low-income, informally employed borrowers.. stand to gain share in this segment"; "The segment remains attractive with good profitability and growth" - note

** YTD HOME and APTS up 36% and ~19% respectively, AADA rises 8%

** PNBH and AVAS gains ~26% and ~17% so far in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

May 2 (Reuters) - U.S. private equity group Carlyle Group has sold its entire 10.44% stake in India's PNB Housing Finance PNBH.NS via block deals, business news website Moneycontrol reported on Thursday, citing a termsheet.

Carlyle is the second-largest shareholder in the non-banking finance company and held its stake via an affiliate called Quality Investment Holdings, latest available exchange data showed.

"The block trade has been launched at a floor price of 960 rupees per share," Moneycontrol also reported, citing a person familiar with the development.

About 17.3 million PNB Housing shares, or roughly 60% of the reported block deal, were sold in early trade, stock exchange data showed, but did not name the seller or the buyers.

The shares were sold at 1,000.20 rupees each, a near 1% discount to the stock's last close on Wednesday.

Carlyle Group and PNB Housing Finance did not immediately respond to Reuters requests for comment. Reuters did not have immediate access to the termsheet or further details of the deal.

Shares of PNB Housing, however, rose 6% on Friday.

($1 = 83.8300 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

(([email protected]; X: @MukherjeeHritam;))

April 28 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• Q4 CONSOL NET PAT 5.5 BILLION RUPEES

• Q4 CONSOL INTEREST INCOME 19.06 BILLION RUPEES

• DIVIDEND OF 5 RUPEES PER SHR

Source text: [ID:]

Further company coverage: PNBH.NS

(([email protected];;))

** PNB Housing Finance PNBH.NS climbs 5.1%, Axis Bank AXBK.NS gains 2% and SBI SBI.NS rises 2.4% amid broader market recovery

** On Monday, PNBH, SBI fell 2.7% each; AXBK dropped 4%

** Goldman Sachs raises PNBH and AXBK to "buy" from "neutral"; upgrades SBI to "neutral" from "sell"

** Expects AXBK's loan growth and profitability to accelerate in H2 FY26–FY27

** Sees PNBH benefiting from strategic shift to below-prime and affordable housing segments

** Forecasts balanced risk-reward for SBI after recent correction; revises PT to 823 rupees from 806 rupees

** AXBK and SBI lead financials .NIFTYFIN 0.7% higher; PNBH among top gainers on Nifty 500 .NIFTY500

** YTD, AXBK falls 1.6%, SBI sheds 6% vs NIFTYFIN's 2.4% rise; PNBH gains 5.2%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Corrects to Thursday from Wednesday in first paragraph

Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.

Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.

The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.

Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.

"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.

On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.

Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.

In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.

The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.

Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.

Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.

However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.

"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Jan 21 (Reuters) - India's PNB Housing Finance PNBH.NS reported a 43% jump in third-quarter profit on Tuesday, helped by strong demand for home loans.

The housing financier reported consolidated net profit of 4.83 billion rupees($55.8 million) for the quarter ended Dec. 31, compared to 3.38 billion rupees a year ago.

Demand for homes in India, especially premium residences, has remained strong over the last few quarters. Analysts said the affordable segment is also seeing a pick up, aided by the government's push for low-cost housing.

Additionally, home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts.

PNB Housing's retail loan disbursements jumped 31%, boosting the total disbursements by 30% to 53.80 billion rupees.

The company has expanded its focus on affordable housing in the last few quarters to increase its profitability, as the segment can command higher interest rates due to lower competition from big banks.

Disbursements in the affordable housing segment rose 127% year-on-year, while the premium segment, which accounts for around 60% of total disbursements, rose 15%.

The company's net interest income, the difference between interest earned and paid, rose 17% to 6.96 billion rupees, while gross bad loans as a percentage of total loans improved to 1.19% from 1.73%.

($1 = 86.5740 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Varun H K)

(([email protected];))

** PNB Housing Finance PNBH.NS falls 6.6% to 919.9 rupees; set for worst one-day pct fall since June 4

** Quality Investment Holdings, which holds 19.87% stake in PNBH, will likely sell 9.43% of its share at 939.3 rupees, a 4.3% discount to last close, CNBC-TV18 reports

** Morgan Stanley appointed as banker to manage deal, report adds

** PNBH did not immediately respond to Reuters request for comment

** Stock sees busiest session since Nov. 7, 2016; nearly 27 mln shares traded, ~18x its 30-day avg

** PNBH rated "buy" on avg; median PT is 1,200 rupees - LSEG

** Stock up ~18% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Oct 28 (Reuters) - India's LIC Housing Finance LICH.NS reported a bigger-than-expected second-quarter profit on Monday, helped by steady demand for its home loans.

The company said its profit after tax rose about 12% to 13.29 billion rupees ($158.1 million) for the quarter ended Sept. 30, outpacing analysts' expectation of 12.26 billion rupees, per data compiled by LSEG.

The firm is 45%-owned by Life Insurance Corporation of India LIFI.NS, the country's top insurer.

Demand for homes in India, especially in the luxury category, is steadily rising, which, in turn, is fuelling demand for home loans.

The affordable housing segment is also seeing a pick up, helped by the government's push for low-cost housing.

As a result, LIC Housing's total loan disbursements grew 12% to 164.76 billion rupees during the second quarter.

"With stable interest rates, we expect steady growth in the next two quarters," the company said in statement.

However, its net interest income - the difference between interest earned and paid - fell 6% to 19.74 billion rupees as its finance costs rose during the quarter.

LIC Housing's net interest margin (NIM), a key gauge for profitability, shrunk for the second consecutive quarter to 2.71% from 2.76% in the first quarter due to increasing competition in the home finance sector, according to analysts.

It reported an NIM of 3.04% for the second quarter last year.

Rivals PNB Housing Housing PNBH.NS and newly-listed Bajaj Housing Finance BAJO.NS also reported a rise in quarterly profit, supported by higher demand for home loans.

Shares of LIC Housing ended 3.4% higher after its results.

($1 = 84.0725 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru; Editing by Sonia Cheema)

(([email protected];))

** Shares of PNB Housing Finance PNBH.NS rise 10.8% to 1,035 rupees; last up 2.8%

** Co's Q2 consol profit rose 22.6%, rev up 5.7%

** PNBH sees busiest day in over five weeks, with over 6.5 mln shares traded

** Analysts' avg rating on stock is "buy;" their median PT is 1,012.5 rupees - LSEG data

** Peer LIC Housing Finance LICH.NS largely flat on the day

** Stock up 23% YTD vs 12% gain in LIC Housing Finance

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 24 (Reuters) - India's PNB Housing Finance PNBH.NS reported a near 23% rise in second-quarter profit on Thursday, helped by a strong demand for home loans.

The company's consolidated net profit rose to 4.70 billion rupees ($11.90 million) in the quarter ended Sept. 30, from 3.83 billion rupees a year earlier.

The demand for houses, especially premium residences, has remained strong in the country over the last few quarters. Analysts said the affordable segment was also seeing a pick up, aided by the government's push for low-cost housing.

Earlier this week, PNB Housing's rival Bajaj Housing Finance BAJO.NS reported a 21% rise in its quarterly profit.

PNB Housing said its loan disbursements jumped 28% in the quarter to 53.41 billion rupees.

In the last few quarters, the non-bank lender has, to aid profitability, increased its focus on affordable housing, which commands higher interest rates due to lesser competition from big banks.

Disbursements in the affordable housing segment grew 68.4% year-on-year, compared to a near 22% rise in the premium category.

PNB Housing's interest income rose 4.5% to 17.80 billion rupees, while gross bad loans as a percentage of total loans improved to 1.24% at the end of September, from 1.78% a year earlier.

Shares of PNB Housing Finance closed 1.4% lower ahead of results.

($1 = 84.0440 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected];))

** Shares of Bajaj Housing Finance BAJO.NS slip 0.3%, set to fall for a fifth straight session

** HSBC Research initiates coverage of stock with a "reduce" rating and a TP of 110 rupees, implying a 27% downside to its last close

** Sees pressure on return on assets due to likely margins compression and moderation in earnings growth, in both home loan and non-home loan segments

** Brokerage forecasts BAJO's AUM growth slowing to 26% CAGR over FY24-27, from 34% in FY21-24

** EPS growth to also drop to 17% compared to 41%

** Stock down 9% since closing at 165 rupees on listing day

** Since BAJO's listing, rival PNB Housing PNBH.NS is down 16.5%, while LIC Housing LICH.NS has fallen by 12.5%

(Reporitng by Nishit Navin)

(([email protected];))

MUMBAI, Sept 23 (Reuters) - India's PNB Housing Finance PNBH.NS plans to raise 4 billion rupees ($47.93 million) through the sale of bonds maturing in three years and four months, three bankers said on Monday.

It has invited coupon and commitment bids for the issue on Tuesday, they said.

Here is the list of deals reported so far on Sept. 23:

*Size includes base plus greenshoe for some issues

($1 = 83.4590 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

(([email protected]))

** Shares of Bajaj Housing Finance BAJO.NS are down around 7.5% at 160 rupees

** More than 17 mln shares traded in multiple block deals in price range of 156.29 - 173.3 rupees/shr - all at a discount to the last close price of 173.66 rupees

** BAJO shares listed at 150 rupees on Monday, more than double its IPO price of 70 rupees, making it the fourth-best major listing in India this year; this was followed by a 10% rise on Tuesday

** Since then, stock has fallen for two straight sessions - dropping around 12% in the period

** Since BAJO's listing, rival LIC Housing LICH.NS and PNB Housing PNBH.NS have dropped about 9% and 11%, respectively

(Reporitng by Nishit Navin)

(([email protected];))

** Shares of Bajaj Housing Finance BAJO.NS rise 7.2% to 176.85 rupees on day two of trading, after hitting upper circuit at 181.50 rupees briefly

** BAJO shares had opened at 150 rupees, more than double its IPO price of 70 rupees on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year

** Analysts have flagged investor confidence in India's most valuable listed home loan financier on pedigree, attractive IPO pricing and strong demand for luxury home loans

** Phillip Capital initiates coverage on BAJO with "buy" rating and a target price of 210 rupees

** Expects BAJO's focus on home loan customers with average salary of 1.4 million rupees to strengthen pricing powers alongside benign credit costs to result in strong return ratios

** Rivals HUDCO HUDC.NS, LIC Housing Finance LICH.NS PNB Housing Finance PNBH.NS that had fallen between 2-7% on Monday, were flat on the day

** BAJO stock last closed up 135.7%

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Adds analyst comment paragraph 11 onwards

By Dimpal Gulwani and Bharath Rajeswaran

BENGALURU, Sept 16 (Reuters) - Bajaj Housing Finance's shares BAJO.NS more than doubled in their trading debut on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year and valuing the company at $16 billion, nearly triple the next-biggest rival.

The blockbuster listing follows strong demand for its $782 million initial public offering -- India's largest and most heavily subscribed in 2024 -- due to booming demand for costlier homes, its link to the storied Bajaj group and relatively better financials than peers, including industry-low bad loans.

Bajaj Housing listed at 150 rupees a share, 114% above the 70 rupee-issue price, the fourth-highest listing gains among mainboard trading debuts this year.

The stock ended up 135.7% at an exchange-imposed maximum of 165 rupees, valuing it at 1.37 trillion rupees, or $16.33 billion. The next biggest home financier is HUDCO HUDC.NS at $6 billion.

The surge in Bajaj Housing's shares and comes with the broader market .NSEI near all-time highs, driven predominantly by domestic investors' appetite.

While the appetite for IPOs has been healthy -- 235 firms have raised more than $8.5 billion so far this year, already surpassing the whole of 2023 -- holding the listing-day gains is not necessarily a given.

For instance, only two of the three stocks with bigger listing gains this year have since moved higher.

The reason that analysts give is valuations -- a concern they extend to the broader market and now also to Bajaj Housing.

"As this IPO comes from a large group, it's generating a lot of buzz. However, the valuation seems quite rich at the moment," said Asutosh Mishra, research head at Ashika Stock Broking.

"From the current pricing, the stock could underperform in the medium term despite solid financial performance, which may not be immediately reflected in the stock price once current euphoria settles down."

Sanjiv Bajaj, chairman of Bajaj Housing, though, told CNBC-TV18 the company's net interest margin is likely to be stable and forecast industry-wide credit growth of 12%-15%. Its NIM was 3.9% in the latest quarter.

Bajaj Housing's public debut weighed on rivals: HUDCO fell 2%, while LIC Housing LICH.NS dropped 6% and PNB Housing PNBH.NS, slid 6.6%.

Bajaj Housing, a unit of non-bank lender Bajaj Finance BJFN.NS, had assets under management (AUM) of over 970 billion rupees as of June 30, making it the No.2 home loan financier by AUM after LIC Housing. Its profit rose 38% last fiscal year.

($1 = 83.8970 Indian rupees)

(Reporting by Dimpal Gulwani and Bharath Rajeswaran in Bengaluru; Editing by Eileen Soreng and Savio D'Souza)

(([email protected];))

Sept 9 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• PNB HOUSING - ISSUANCE OF NON –CONVERTIBLE DEBENTURES UP TO 25 BILLION RUPEES

• PNB HOUSING - ISSUANCE ON PRIVATE PLACEMENT BASIS

Source text for Eikon: [ID:]

Further company coverage: PNBH.NS

(([email protected];))

Sept 4 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES UP TO 25 BLN RUPEES

Source text for Eikon: ID:nBSERR2Ts

Further company coverage: PNBH.NS

(([email protected];))

** Shares of PNB Housing Finance PNBH.NS climb 6.6% at 864.45 rupees

** General Atlantic Singapore will sell 5.1% stake in PNBH via block deals at floor price of 775 rupees per share, CNBC-TV18 reports

** PNBH and General Atlantic Singapore did not immediately respond to Reuters' request for a comment

** Mean rating of 10 analysts is "buy"; median PT is 995 rupees - LSEG data

** Stock gains ~11% YTD

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of PNB Housing Finance PNBH.NS down 1.6% to 780 rupees

** Private equity firm Carlyle Group's unit will likely sell up to 6.4% of its stake in co, CNBC-TV18 reported on Monday

** As per IFR report on Tuesday, Carlyle has doubled offer size to 12.8%, with floor price a 5% discount to PNBH's last close

** PNB Housing declined to comment, while Carlyle did not immediately respond to Reuters' inquiry

** About 1.3 mln shares changed hands in multiple block deals - LSEG

** PNBH has gained 0.6% YTD, the least among housing finance stocks

** LIC Housing Finance LICH.NS, Can Fin Homes CNFH.NS, Home First Finance HOME.NS, Repco Home Finance RHFL.NS, GIC Housing Finance GICH.NS up between 10%-48% YTD

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

July 25 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• PNB HOUSING FINANCE Q1 CONSOL NET PAT 4.33 BILLION RUPEES

• PNB HOUSING FINANCE Q1 CONSOL INTEREST INCOME 17.39 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PNBH.NS

(([email protected];))

** Shares of PNB Housing Finance PNBH.NS rise as much as 2.9% to 804.30 rupees

** IIFL Securities initiates coverage on PNBH with a "buy" rating and target price of 1,050 rupees, a 34% upside to stock's last closing price

** PNBH set to double the affordable and higher yielding emerging prime loan book mix to 40% by FY27, aided by focused verticals with independent branches - IIFL Securities

** Adds alongside up-scaling of affordable and emerging segments, growing mix of non-housing loans and smaller-ticket prime housing loans to improve profitability

** Brokerage sees interest rate cycle, financial health of promoter Punjab National Bank PNBK.NS as key risks

** Avg analyst rating on PNBH is "buy"; peers LIC Housing Finance LICH.NS and Can Fin Homes CNFH.NS also rate "buy"

** PNBH median PT at 970 rupees

** Stock up ~2% YTD, compared with ~15% and ~43 gains in CNFH and LICH respectively

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

June 21 (Reuters) - PNB Housing Finance Ltd PNBH.NS:

• ASIA OPPORTUNITIES V (MAURITIUS) CUTS 2.46% STAKE IN PNB HOUSING FINANCE TO 5.19% - EXCHNAGE FILING

Further company coverage: PNBH.NS

(([email protected];))