Its fate will be like icici prudential. If price band is Rs 550 /565, it should be avoided completely. One can buy it from open market after listing @ 425.00. Wait n watch.
Manjitsinghji......every body in this group postings are implied MAY BE ONLY. Further newspaper/ magazines also assumptions only. Experience assumptions may be many times may be accurate .....General context only
Don''t post unless the news is confirmed and from a reliable source.Generally these type of messages are broadcast to media from highest level of the company and not leaked.therefore no individual can have access to such info
PCL is showing some recovery last three trading when market is weak have seen a 15% gain. I am in black however still long way to go few good quarters will do wonders to this stock Patience is bitter, but its fruit is sweet
Would shares of PNB Housing would be given preference to shareholder of PNB Bank/ reservation to shareholder of PNB bank. Any thing similar to ICICI Prudential.
PNB Housing growth looks very good http://wp.me/p7zwuc-g7 but issue price is a question mark, Septa ji wish of 425 looks low. If market is ik, it cud price it much higher in between 475-525
@ ratnesh thanks for sharing the info. The most important variable in that worksheet is CAGR which is way superior both compare to bluechip peers and not so bluechip peers. 50% CAGR gold. Let wait for the price band
Housing Finance is one of my favorite segment because risk is low. Company is financing to home buyers. They have secured property against loan. In India real estate market is different than developed countries. Chances is less price will go below the buying price. Also people''s mentality is different than developed countries mentality. In India people are ready to invest more in house and try to keep loan amount small. At any condition people try to save his/her house. This is putting Housing Finance Companies on low risk.
PNB has big bank behind them. Well established network on every part of India. Low interest rate, flexible government norms for funding etc. will increase profitability of PNB in future. We need to do more analysis once issue price is declared.