Hold PNB Gilts, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I would hold on PNB Gilts as of now. Maybe look at the levels of Rs 55. Basically the price to book at one time is reasonable. This is more of a dividend play type of stock. So I would continue holding. The numbers also were pretty attractive, pretty good numbers for fourth quarter."

At 14:44 hrs PNB Gilts was quoting at Rs 50.15, up Rs 1.20, or 2.45 percent.

The share touched its 52-week high Rs 64.80 and 52-week low Rs 24.30 on 07 February, 2017 and 24 June, 2016, respectively.