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PNB. worth buying or not? short to medium term
Posted: Fri Jun 02, 2017 2:32 pm
by Deepumirwani
hi... my question is about PUNJAB NATIONAL BANK PNB cmp 153rs. is it worth getting into this stock at this level for short to medium term 3-4 or 6-7 months? looks like its the start of an uptrend.
your views are appreciated,
thanks,
Deepak.
Re: PNB. worth buying or not? short to medium term
Posted: Fri Jun 02, 2017 5:06 pm
by Pee Vee
Deepumirwani wrote:hi... my question is about PUNJAB NATIONAL BANK PNB cmp 153rs. is it worth getting into this stock at this level for short to medium term 3-4 or 6-7 months? looks like its the start of an uptrend.
your views are appreciated,
thanks,
Deepak.
A small allocation can certainly be made to PNB. The valuation of <0.8x FY19E P/BV is rock bottom and factors in the stress of NPAs. The riskâreward is favourable. The appointment of Sunil Mehta as Managing Director & Chief Executive Officer of PNB can also generate interest in the stock if he takes bold decisions.
Re: PNB. worth buying or not? short to medium term
Posted: Fri Jun 02, 2017 8:48 pm
by Deepumirwani
thanks,
yr views are much appreciated. it helps to get a clear view and fresh perspective.
regards,
Deepak.