PNB Housing Finance Shares Crash 16% to Rs. 820 After CEO Girish Kousgi Resigns

Overview

• PNB Housing Finance share price dropped 16.85% to Rs. 820 due to CEO Girish Kousgi’s resignation.

• On August 1, 2025 over 20.8 million shares were traded, nearly 17x the 20-day average.

• Analysts remain cautious, calling the resignation a near-term negative despite strong fundamentals.

PNB Housing Finance's share price crashed by 16.85% to Rs. 820 at press time, reaching its lowest level in four months. The sharp fall came after the company announced that its CEO, Girish Kousgi, will step down from his role effective October 28, 2025. The resignation has triggered investor panic and resulted in a heavy sell-off.

Massive Volume Spike Reflects Investor Panic

As of 11:37 A.M., the share price stood at Rs. 820, compared to its previous close of Rs. 986.20. The stock opened at Rs. 883.10 and hit an intraday low of Rs. 819.05. What stood out was the sheer trading volume, over 20.8 million shares changed hands, which is nearly 17 times its 20-day average volume of 1.08 million. This kind of spike typically indicates strong investor reaction, especially on the back of management uncertainty.

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All-Time Stats and Valuation Insights

The 52-week high for PNB Housing stock stands at Rs. 1,202.20, while the all-time high was Rs. 1,717.65. With the current dip, the shares are now trading at a P/E of 10.48, which is considered low, and a P/B of 1.35, which is around the sector average. The current market cap has shrunk to Rs. 21,349 crore.

PNB Housing Finance share price chart on TradingView shows a loss of 17.38%:

Why the PNB Housing CEO Resignation Matters

Kousgi’s departure has come as a shock to investors. He joined PNB Housing Finance in October 2022 and was instrumental in navigating the company through a difficult economic environment. Under his leadership, the stock gained stability and the company streamlined its strategic priorities. The board said it will start looking for a new CEO immediately, but the abrupt nature of the announcement has raised concerns about the company’s leadership stability.

Key Resistance and Support Levels

The stock has breached several key support levels. Technical charts showed a classic pivot at Rs. 984.27, with the next major support seen at Rs. 784.90. If negative sentiment continues, the stock could test the lower circuit limit in upcoming sessions. On the upside, the resistance stands tall at Rs. 998 and Rs. 1,023.

Analysts’ Ratings and Market Outlook

SBI Securities termed the resignation as a negative in the short term, citing potential leadership vacuum and strategic uncertainty. The firm also stated that while the fundamentals remain sound, the timing of the exit could disrupt investor sentiment and near-term valuations. Meanwhile, according to Moneycontrol data, majority of analysts give PNB Housing Finance shares a ‘Buy’ rating, thus signaling undervaluation and potential  upside.

Investors should stay abreast of the upcoming development on new hires and interim CEO appointment as well as key price levels. 

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FAQs

1. Why did PNB Housing Finance's share price fall on August 1, 2025?

The sharp decline in PNB Housing Finance’s share price on August 1, 2025, was triggered by the surprise resignation of its CEO, Girish Kousgi. He announced he would step down on October 28, citing personal career aspirations. This sudden development caused investor sentiment to turn cautious, with fears over leadership instability.

2. What was the trading volume for PNB Housing Finance on August 1?

As of 11:37 AM on August 1, 2025, over 20.88 million shares of PNB Housing Finance had changed hands. This volume is nearly 20 times higher than the stock’s 20-day average of around 1.08 million shares, indicating a significant spike in investor activity. Such unusually high volume is often a sign of panic selling or strong reaction to major news, in this case, the CEO’s resignation.

3. How is PNB Housing Finance performing in terms of valuation?

PNB Housing Finance is currently trading at a TTM (Trailing Twelve Month) price-to-earnings (PE) ratio of 10.48, which is below the sector average of 17.02. This indicates the stock might be undervalued compared to its peers. Its price-to-book (P/B) ratio stands at 1.35, considered average for the sector. The company’s earnings per share (EPS) is Rs. 78.20, showing a year-on-year growth of 27.46%.

4. What are the support and resistance levels for PNB Housing Finance?

As per classic pivot point analysis, the support and resistance levels for PNB Housing Finance are as follows: Support 1 (S1) at Rs. 972.43, Support 2 (S2) at Rs. 958.67, and Support 3 (S3) at Rs. 946.83. On the upside, Resistance 1 (R1) is at Rs. 998.03, Resistance 2 (R2) at Rs. 1,009.87, and Resistance 3 (R3) at Rs. 1,023.63. The pivot point (PP) is at Rs. 984.27. Given the stock’s current price near Rs. 820, it has breached key support levels, signaling bearish momentum in the short term unless investor sentiment recovers.

5. Is this the lowest PNB Housing Finance has traded recently?

No, the current share price of Rs. 820 on August 1, 2025, is not the stock’s all-time or even 52-week low. The 52-week low is Rs. 746.70, and the all-time low is Rs. 145.65. However, it is the lowest price in the last four months. The stock had previously reached a 52-week high of Rs. 1,202.20 and an all-time high of Rs. 1,717.65. Despite the recent correction, the company’s fundamentals, including a book value of Rs. 609.26 per share and a 0.61% dividend yield, offer some cushion for long-term investors.