Porinju Veliyath & Dolly Khanna Forum

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.

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.

thanks,

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

regards,

Deepak.