PNB target price: Nuvama suggested a target of Rs 105 on the counter. The PNB stock closed at Rs 104.61 on Thursday. Despite lower RoA, PNB is trading at 1.3 times book value FY25E at a premium to peers that trade at time, Nuvama said
Punjab National Bank’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 90 and 110. Let’s plan a trade around this.
PNB: The PSU bank said it has issued and allotted Basel Ill Compliant Additional Tier-I Bonds at a coupon of 8.55 per cent per annum, aggregating to Rs 1,153 crore on private placement basis.