Top 5 stocks to buy: Jyothy Labs, Chalet Hotels, Orkla India, Union Bank, PNB Housing Finance by Sumeet Bagadia
PNB Housing Finance secured new business.
· LiveMint Markets
Stock market outlook: Sumeet Bagadia believes Dalal Street sentiment remains cautious, as the Nifty 50 pared early morning gains and finished around…
The analysis
Against that, the stock is +5.0% on the day at ₹1,156.90, and has returned +8.0% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The financial services sector has moved -7.2% over the same period, so PNB Housing Finance is running 15.2 points ahead of its peers.
For PNB Housing Finance, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Market context
- The company directly in focus is PNBHOUSING.
- Sector exposure: Financial Services, Hotels & Restaurants.
- The immediate tone of coverage reads positive.
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