you are here: HomeNewsBusiness

Hold Punjab National Bank: target of Rs 42: Sharekhan

Sharekhan recommended hold rating on Punjab National Bank with a target price of Rs 42 in its research report dated February 08, 2021.

February 11, 2021 / 01:06 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Punjab National Bank

Operational performance was reasonably strong, but asset-quality outlook continues to be uncertain. The Proforma Gross NPA and Proforma Net NPA ratio at 14.71% and 5.65%, respectively, are not materially ahead of reported numbers. Collections efficiency dipped in December, taking Q3 CE to 88%; but it was 92% till November.


PNB currently trades at 0.8x/0.60x its FY2022E/FY2023E ABVPS, we maintain our Hold rating with a revised PT of Rs. 42.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Feb 11, 2021 01:06 pm

stay updated

Get Daily News on your Browser