Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
70.35
Change Change %
-1.30 -1.81%

Updated:12 Nov, 2018, 14:59 PM IST

BSE
70.45
Change Change %
-1.20 -1.67%

Updated:12 Nov, 2018, 15:18 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
06-07-2017 Buy 142.65 180.00
N/A
Target Hit Long (1Y)
06-07-2018

Nomura upgrades Punjab National Bank to buy

Nomura has upgraded Punjab National Bank to buy for target price of Rs 180. It says after the 24% correction in the past two months, we believe incremental risk-reward is turning favourable again for PNB. Near-term provisioning will remain elevated given the lower coverage of 41%, but the large stock of prudentially written-off NPAs provides comfort on recoveries/upgrades.

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