For Quick Alerts
For Daily Alerts

PNB Housing Finance Tumble For 6th Straight Day; Crisil Revises Outlook To Negative


PNB Housing Finance shares

are on a losing streak for the sixth straight day on Monday (May 4, 2020). The stock was locked in 5% lower circuit at Rs. 188.

The rating agency CRISIL has reaffirmed the credit rating on the company's borrowings as well as NCDs to AA and for its fixed deposits it has given a rating of AA+.

PNB Housing Finance Shares Tumble For 6th Straight Day

Further the outlook has been revised lower to negative from the earlier stable and is symbolic of the delay in capital raising and there is a risk to high slippages due to halted economic activity and its impact over the real estate sector.

At 12:02 pm, the stock traded at Rs. 186.70, down 4.84% or Rs. 9.5 per share on the BSE.

Read more about: pnb housing finance crisil
Story first published: Monday, May 4, 2020, 12:06 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more