This housing finance company's stock has zoomed over 100% in 6 days

The stock of PNB Housing Finance has zoomed 101 per cent post its announcement that its board approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to Carlyle Group

Shares of PNB Housing Finance were locked in upper circuit for the sixth straight day, up 5 per cent at Rs 880.65 on the BSE on Monday, with only buyers seen on the counter. The stock of housing finance company has zoomed 101 per cent post its announcement that its board approved a capital raise of upto Rs 4,000 crore, led by entities affiliated to Carlyle Group.

The stock hit a three-year high and was trading at its highest level since June 2017. A combined 341,000 shares were changing hands and there were pending buy orders for 415,000 shares