PNB. worth buying or not? short to medium term

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Deepumirwani
Posts: 6
Joined: Sat May 13, 2017 6:09 pm

PNB. worth buying or not? short to medium term

Post by Deepumirwani » Fri Jun 02, 2017 2:32 pm

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.

Pee Vee
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Posts: 432
Joined: Mon Dec 26, 2016 10:45 pm

Re: PNB. worth buying or not? short to medium term

Post by Pee Vee » Fri Jun 02, 2017 5:06 pm

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 risk‐reward 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.

Deepumirwani
Posts: 6
Joined: Sat May 13, 2017 6:09 pm

Re: PNB. worth buying or not? short to medium term

Post by Deepumirwani » Fri Jun 02, 2017 8:48 pm

thanks,

yr views are much appreciated. it helps to get a clear view and fresh perspective.

regards,

Deepak.

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