BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Punjab National Bank
PNB reported massive pre-tax loss of Rs 7,300 crore in Q4 due to sharp rise in provisions. Mounting provisions and sustained pressure on asset quality and margins will keep earnings soft. Revise target price on the stock to Rs 70 from Rs 75 earlier.