PNB Housing shares zoom 10% after asset quality improves in Q4, profit rises 25% YoY

PNB Housing Finance shares surged 10% after the company reported a 25% YoY jump in Q4 net profit to Rs 550 crore, driven by strong business growth and improved asset quality. Full-year profit rose 28%. Net interest margin improved, AUM grew 13%, and gross NPAs declined. HDFC Securities maintained an ‘Add’ rating with a target price of Rs 1,025.