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Buy PNB, target of Rs 721: Motilal Oswal

Posted on: May 26th 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Punjab National Bank with a price target of Rs 721 in its report dated May 25, 2009. “Punjab National Bank’s 4QFY09 PAT at Rs 8.7 billion was higher than our estimate of Rs 8.1 billion. We like PNB for its inherent strengths of large…

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