PNB Housing hits 5% upper circuit after 25% fall from 52-week high

In May, PNB Housing Finance had announced that it will raise Rs 4,000 crore from a clutch of investors, led by existing stakeholder Carlyle group, by way of issuing preference shares and warrants

Shares of PNB Housing Finance were locked in the upper circuit of 5 per cent at Rs 750.10 on the BSE in Thursday's session. The stock of the housing finance company recovered 9 per cent from the low of Rs 690 touched in the intra-day deal today. It has fallen 25 per cent from its 52-week high level of Rs 924 touched June 8, 2021, amid concerns raised in certain quarters about its proposed Rs 4,000 crore-deal with Carlyle group.

Till 01:42 pm, a combined around 1,90,000 shares of PNB Housing had changed hands and there were pending buy orders