Motilal Oswal just rated PNB Housing Finance a "Buy," setting a target price of ₹1,500.
The move comes as the company steps up its game by expanding beyond traditional mortgages into affordable housing and emerging markets.
PNB Housing Finance targets 18-20% growth
PNB Housing Finance is eyeing 18-20% portfolio growth for FY2027 and wants affordable housing plus emerging markets to make up one-half its retail business by 2028 (up from 41% in September 2026).
They're boosting their distribution and product range to get there.
With loan and profit growth expected at 22% and 15% CAGR through FY2029, Motilal Oswal says these numbers back the ambitious price target.