Stock prices of companies which announced open offer have seen sharp appreciation in the recent past. A study of around 30 companies that announced open offer so far this year, reveal that share prices of over 90% of the companies rose significantly between the announcement date of the op…
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Accumulate PNB, target of Rs 682: Prabhudas Lilladher
Posted on: May 25th 2009 in Brokerage Recommendations.
Prabhudas Lilladher has upgraded its rating to accumulate on Punjab National Bank, PNB with a price target of Rs 682 in its report dated May 21, 2009. “Punjab National Bank’s (PNB’s) Q4FY09 PAT grew by 59.2% YoY at Rs 8.66 billion. This was higher than our estimate of Rs 7.1 bi…
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