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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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