Profit

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

NSE
72.85
Change Change %
-6.40 -8.08%

Updated:21 Sep, 2018, 15:59 PM IST

BSE
72.80
Change Change %
-6.50 -8.20%

Updated:21 Sep, 2018, 16:01 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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