PNB HOUSING Rating

PNB HOUSING Rating 

MORGAN STANLEY ON PNB HOUSING : 01.06.2021

* Maintain Overweight, Target at Rs 600/share
* Large capital infusion - proforma impact and thoughts
* Announced large equity infusion should significantly improve confidence
* See more fixed income and equity markets and bring PNBHF back on growth path
* Believe capital infusion can materially accelerate business turnaround