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
Banking stocks are in focus after Nifty Bank hit a record high in trade today (December 15) on the back of overall positive market sentiment. Let s analyse between Axis Bank and Punjab National Bank (PNB), which one has better long-term investment opportunities.
PNB said its standalone net profit surged 307 per cent to Rs 1,255.4 crore for the June quarter compared to Rs 308.4 crore in the same quarter last year.