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Sell Punjab National Bank, price target Rs 58.5 : Kunal Bothra

The analyst suggested a stoploss at Rs 63 .

Last Updated: Jan 21, 2020, 08.52 AM IST
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Independent analyst Kunal Bothra has a sell call on Punjab National Bank with a target price of Rs 58.5 . The current price of Punjab National Bank is Rs 61.55. Time period given by the analyst is Intra Day when Punjab National Bank price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 63 .

Punjab National Bank, incorporated in 1969, has a market cap of Rs 41469.72 crore.

Punjab National Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 35086.21 Crore to Sales Value (68.38 % of Total Sales), Income From Investment which contributed Rs 14105.97 Crore to Sales Value (27.49 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 1891.39 Crore to Sales Value (3.68 % of Total Sales) and Interest which contributed Rs 226.68 Crore to Sales Value (0.44 % of Total Sales)for the year ending 31-Mar-2019.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).

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