PNB shares gain up to 8% after Q2 results - Should you buy or sell?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Punjab National Bank shares gained 7% on Monday, October 19, after second quarter results beat profit estimates.
- ✓Analysts have mixed views on the stock.
- ✓CLSA gave an outperform rating with a ₹140 target, while Citi maintained a sell recommendation with a ₹110 target despite the bank showing improved financial metrics.
Story at a Glance
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- MARKET
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- cnbctv18
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- 3 Minute(s)
- Market Focus
- India Economy
Punjab National Bank shares rose up to 8% following Q2 results that beat profit estimates. Analysts offered mixed views: CLSA gave an outperform rating with a ₹140 target, while Citi maintained a sell recommendation with a ₹110 target despite improved metrics.
Shares of Punjab National Bank gained 7% on Monday, October 19, reacting to their second quarter results. The stock is among the top gainers on the PSU Bank index.
While the stock sees healthy gains, global investment banking firms CLSA and Citi have divergent views on the stock. CLSA is the bull, while Citi has a "sell" rating on the stock.
CLSA Recommends Buying PNB
CLSA has an "outperform" rating on PNB and a target price of ₹140 per share. This indicates an upside of 20.4% from its previous closing price.
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