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PNB Housing, the housing finance arm of Punjab National Bank (PNB), has been one of the most volatile stocks in the listed non-banking financial companies (NBFC) space.
Though the stock has gained close to 7 per cent over the last month, it may see further bouts of volatility until the impending stake sale by PNB concludes.
The bank, which holds 32.8 per cent stake in PNB Housing, decided to sell its holding as part of its capital raising plan, that is, to raise funds from its non-core assets.
The sale process, which has been on for a
Though the stock has gained close to 7 per cent over the last month, it may see further bouts of volatility until the impending stake sale by PNB concludes.
The bank, which holds 32.8 per cent stake in PNB Housing, decided to sell its holding as part of its capital raising plan, that is, to raise funds from its non-core assets.
The sale process, which has been on for a
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