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Last Updated : Apr 05, 2019 12:33 PM IST | Source: Moneycontrol.com

Buy Punjab National Bank; target of Rs 110: Sharekhan

Sharekhan is bullish on Punjab National Bank has recommended buy rating on the stock with a target price of Rs 110 in its research report dated April 04, 2019.

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Sharekhan's research report on Punjab National Bank


We believe outlook for PNB has improved, with better recoveries and upgrades than slippages indicating peaking of NPA woes for the bank. Monetisation of Non core assets progressing well, to augment profitability and Capital adequacy. PNB effectively revamping organizational processes & framework to better manage risk.


Outlook


We maintain our BUY rating with revised PT of Rs 110.


For all recommendations report, click here


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

First Published on Apr 5, 2019 12:33 pm
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