PNB Housing Finance leaps 11% as board to consider fund raising tomorrow

PNB had announced that it will infuse up to Rs 600 crore in PNB Housing Finance through preferential issue/rights issue

Shares of PNB Housing Finance zoomed as much as 11.7 per cent to Rs 268.85 on the BSE on Tuesday as the company's board is set to meet tomorrow to consider fund raising.

At 10:15 AM, the stock was trading 10.45 per cent higher at Rs 265.80 as compared to 0.57 per cent gain in the S&P BSE Sensex. Around 18.52 lakh shares have changed hands on the NSE and BSE, combined, so far. The stock hit its 52-week low level of Rs 146 on March 26, 2020. Since then, it has risen 84.14 per cent as compared to Sensex's 28