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Punjab National Bank
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Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by :
VarnerTracked by: 0 Boarder
It is better to start buy at CMP in small quantities and always buy on dips for gains in longer term....
In reply to:
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by :
chchch
Varner, October-2008 low was well below Rs.390/- (which was the FPO price; IPO price being Rs.40/-). Should we not wait again for Oct-2008 low price? 
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : chchchTracked by: 0 Boarder
Varner, October-2008 low was well below Rs.390/- (which was the FPO price; IPO price being Rs.40/-). Should we not wait again for Oct-2008 low price?...
In reply to:
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : Varner
No doubt at current price PNB is surely a buy 9in small quantities and definitely buy on dips.
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : VarnerTracked by: 0 Boarder
No doubt at current price PNB is surely a buy 9in small quantities and definitely buy on dips....
In reply to:
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : KARUNAS
Currently PNB has become a trading stock
Sell above 500 anad buy below 480
BSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has informed BSE that Sh. J M Garg, former Executive Director of
the Bank has demitted office on November 06, 2008 on his appointment as Chairman and Managing Director, Corporation Bank vide Government of India, Ministry of Finance,
Deptt. of Financial Services notification dated November 06, 2008....
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : KARUNASTracked by: 0 Boarder
Currently PNB has become a trading stock
Sell above 500 anad buy below 480...
In reply to:
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : zoombusiness
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
NSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank had informed the Exchange that the Bank has fixed November 14, 2008 as the Record Date for the purpose of election of directors by shareholders, other than Central Government, in the Extraordinary General Meeting scheduled to be held on December 26, 2008. Further, the Bank has now submitted to the Exchange the Notice in respect of EGM and Record Date which has been published in newspapers on November 06, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has informed the Exchange that:"Sh. J.M. Garg, former Executive Director of our Bank has demitted office on 06.11.2008 on his appointment as Chairman and Managing Director, Corporation Bank vide Government of India, Ministry of Finance, Deptt. of Financial Services notification no. 9/16/2008-BO-I dated 06.11.2008"....
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : zoombusinessTracked by: 0 Boarder
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank...
BSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has informed BSE that the Bank has decided to reduce the BPLR by 50 bps from 14% to 13.50% w.e.f. November 01, 2008.
The revised BPLR shall be applicable in respect of all existing and new accounts linked with BPLR where rates are charged at BPLR and above.
The interest rates on Housing Loans, Car Loans and Education Loans which were reduced w.e.f October 16, 2008 as a part of festival bonanza will continue at the reduced rates.
Further, the Bank has decided to reduce the peak rates of deposits from 10.5% to 10%. The effective date for the reduced rate shall be from December 01, 2008....
NSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has informed the Exchange that "The Bank has decided to reduce the BPLR by 50 bps from 14% to 13.50% w.e.f 01.11.2008. The revised BPLR shall be applicable in respect of all existing and new accounts linked with BPLR where rates are charged at BPLR and above. The interest rates on Housing Loans, Car Loans and Education Loans which were reduced w.e.f. 16.10.2008 as a part of festival bonanza will continue at the reduced rates. Further, the bank has decided to reduce the peak rate of deposits from 10.5% to 10%. The effective date for the reduced rate shall be from 01.12.2008."...
BSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has announced the following Unaudited results for the quarter ended September 30, 2008:
The results for the Quarter ended September 30, 2008
The Bank has posted a net profit for the period of Rs 7070.90 million for the quarter ended September 30, 2008 as compared to Rs 5384.80 million for the quarter ended September 30, 2007. Total Income has increased from Rs 39308.90 million for the quarter ended September 30, 2007 to Rs 53131.80 million for the quarter ended September 30, 2008....
NSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Interest earned of Rs. 878889 lacs for the half year ending on 30-SEP-2008 against Rs. 674910 lacs for the half year ending on 30-SEP-2007. Interest expended of Rs. 563191 lacs for the half year ending on 30-SEP-2008 against Rs. 415662 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 121949 lacs for the half year ending on 30-SEP-2008 against Rs. 96355 lacs for the half year ending on 30-SEP-2007....
NSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 465040 lacs for the quarter ending on 30-SEP-2008 against Rs. 346306 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 293817 lacs for the quarter ending on 30-SEP-2008 against Rs. 217161 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 70709 lacs for the quarter ending on 30-SEP-2008 against Rs. 53848 lacs for the quarter ending on 30-SEP-2007....
ma short term calls
Posted by : BullSheetRulesTracked by: 0 Boarder
Although it took more time than expected time due to some manipulations by operators to meet the first target, Gud to note PNB going below 400 level.
Gud luk & happy investing! :)...
In reply to:
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Posted by : zoombusiness
Motilal Oswal Securities Ltd has maintained buy on Punjab National Bank
Punjab National Bank : Sell
Posted by : sankarantprTracked by: 0 Boarder
We recommend a sell in Punjab National Bank from a short-term trading perspective. It is evident from the charts of Punjab National Bank that it was on a broad sideways consolidation in the range between Rs 440 and Rs 530 between late July and late October. The stock failed to surpass the upper boundary (Rs 530) of the sideways consolidation during mid-October and started to decline.
Subsequently, the stock penetrated the 21- and 50-day moving averages by tumbling over 6 per cent on October 22. Moreover on October 24, the stock conclusively broke out of the sideways consolidation by slipping 11 per cent, along with the broad market sell-off.
The daily relative strength index (RSI) has entered in to the bearish zone and the weekly RSI is on the verge of entering this zone. Furthermore, the moving average convergence and divergence has entered the negative territory, indicating a sell. Our short-term forecast for the stock is negative. We expect the stock’s decline to prolong until it hits our price target of Rs 375 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 440.
SOURCE:BUSINESSLINE...
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