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The stock quoted a 52-week high of Rs 1050.55 and a 52-week low of Rs 737.6.

PNB Housing Finance stock with a market capitalization of more than Rs 16000 crore trades at a P/E multiple of 13.97x and an Earnings Per Share (EPS) of 45.11, BSE data showed. The stock gave a breakout from a falling trendline resistance on the monthly charts which is a positive sign for the bulls.

The stock quoted a 52-week high price of Rs 428.8 and a 52-week low of Rs 251.25.

"Loan growth has been outpacing the deposit growth for the last several quarters starting from September of last year. It is not only in percentage terms, but also absolute levels which clearly means there is a good demand for credit growth while deposits are not keeping pace. This measure is going to not help in that sense but as this is a temporary measure, hopefully in September, when the governor reviews, they may take it back."

RBI mandated banks to maintain the ICRR at 10% of the net demand and time liabilities (NDTL) between May 19 and July 28. The Monetary Policy Committee (MPC) of the RBI led by Governor Shaktikanta Das today kept the repo rate unchanged at 6.5% while increasing the inflation estimates for FY24 to 5.4% from an earlier estimate of 5.10%.

"Hiking the CRR would have had monetary policy connotations, so the temporary increase is aimed to be a non-disruptive way of dealing with the issue of excess liquidity in the system in the backdrop of the recent demonetisation of the Rs 2,000 notes," Aurodeep Nandi, India Economist and Vice President at Nomura, said.

The company received 3.4 crore average monthly unique visitors for Q1 FY24, of which 85% were organic, the company filing claimed. The number of listings for auction was 250,103 for Q1 FY24 while the volumes sold via auction was 49,112 during the reporting quarter.

A total of 21,363 shares changed hands on the counter till 12:18PM (IST)

The stock witnessed a strong buying action with over 6.49 crore shares changing hands on the NSE around 9:35 am.QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities, other than warrants that are convertible into equity shares, to qualified institutional buyers.

"Till year end, I do not expect any volatility coming from elections. The US election narrative will only start sometime in the spring of next year. The election is not till November. We have more than a year right now. I would not worry about the election at the moment. In India also, I would not worry so much about elections."