PNB Housing Finance gains for 10th straight day; surges 41% from 52-wk low

The stock was up 5% to Rs 978, rallied 41% from its 52-week low of Rs 694 touched on October 26, 2018, on the BSE.

Shares of PNB Housing Finance were up 5% at Rs 978 per share on the BSE in intra-day trade after the housing finance company said that it has obtained refinance sanction of Rs 35 billion from the National Housing Bank (NHB) in October-2018.

The company said the funds will be utilised for the specific sector wise disbursements/end uses as per norms of the respective NHB refinance schemes.

The stock was quoting higher for the 10th straight trading day, rallying 41% from its 52-week low of Rs 694 touched on October 26, 2018, on the BSE in the intra-day