Morgan Stanley Maintains Overweight on PNB Housing Finance, Sets ₹1,250 Target
Published on: June 3, 2026, 9:02 a.m. | Source: scanx.trade
Morgan Stanley has maintained an Overweight rating on PNB Housing Finance with a target price of ₹1,250, following the company's participation at the Morgan Stanley India Investment Forum 2026. The brokerage expects 18% retail loan growth in FY27, stable spreads despite higher funding costs, NIM steady to slightly lower due to higher leverage, normalised credit costs of 15–20 bps from FY28, and a revised steady-state ROA of 2.3–2.4%.
