KRChoksey has maintained its buy rating on Punjab National Bank, PNB with price target of Rs 750, in its report. “PNB reported strong Net Profit of Rs 865.6 crores, up 59.2% y-o-y but down 13.4% q-o-q on back of better operational performance and strong growth in non interest incom…
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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…
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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