Shares of PNB Housing Finance dropped by 6.43% to ₹919.90 on November 13 after a substantial block trade. In this transaction, 2.45 crore shares, representing approximately 9.94% of the company’s equity, changed hands for a total value of ₹2,315.16 crore at an average price of ₹944.15 per share.
The large trade, executed at a slight discount to recent market prices, has influenced investor sentiment, leading to a notable dip in the stock price. This significant transaction underscores investor activity around PNB Housing Finance and may affect its shareholding structure and market performance in the near term.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
