BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America Merrill Lynch upgrades PNB to buy
Asset quality has improved. The stock offers attractive risk reward at 0.8-times FY15 book value. PNB has sacrificed earnings for non-performing loan cover. Target Rs 650.