PNB has target of Rs 1025: Thukral

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PNB has target of Rs 1025: Thukral

Punjab National Bank (PNB) has target of Rs 1025, says Hemant Thukral, Asian Markets Securities.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Hemant Thukral See what other Experts & Brokerages are saying about PNB See messages about PNB PNB BSE | NSE 21/02/12 Are Mutual Funds betting on PNB?

Punjab National Bank (PNB) has target of Rs 1025, says Hemant Thukral , Asian Markets Securities.

Thukral told CNBC-TV18, "For banking sector we feel that rollovers are upto mark, they are as per average specially the public sector undertaking (PSU) bank side have shown very aggressive rollovers and one of them would be Punjab National Bank (PNB). Yesterday it got lot of rollovers happening, again increase of cost of carry telling me that long positions have rolled and PNB has made another all time high yesterday after a long time it moved up from that range. So we feel that this aggressive buying will continue and the target we have in mind is Rs 1,025 in it. Traders should maintain a stoploss around Rs 870-865 on this stock."