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Selling on rallies might remain a favourable strategy as long as the Nifty50 remains below the 20,000 mark.

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Titan Company has hit a fresh high while PNB and Asahi Glass have shown strong breakouts. Vidnyan Sawant of GEPL Capital sees the stocks rising further but advises maintaining a stop-loss.

Titan, PNB, Asahi India look strong on charts. What should investors do on Wednesday?

Sharekhan is bullish on Punjab National Bank has recommended buy rating on the stock with a target price of Rs 86 in its research report dated September 14, 2023.

Buy Punjab National Bank; target of Rs 86: Sharekhan

ITI formed robust bullish candlestick pattern on the daily timeframe with strong volumes on Wednesday. The stock gained more than 60 percent during the current week.

Trade Spotlight | What should you do with Punjab National Bank, Aarti Industries, ITI today?

Punjab National Bank gained for a third straight session today. The stock is quoting at Rs 68.3, up 2.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 19947.45. The Sensex is at 66971.86, up 0.56%. Punjab National Bank has added around 9.54% in last one month. Meanwhile,  index of which Punjab National Bank is a constituent, has added around 2.99% in last one month and is currently quoting at 45156.4, up 0.56% on the day. The volume in the stock stood at 551.26 lakh shares today, compared to the daily average of 491.22 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 68.35, up 1.94%  on the day. Punjab National Bank is up 70.32% in last one year as compared to a 11.21% gain in NIFTY and a 11.91% gain in the  index.The PE of the stock is 21.29 based on TTM earnings ending June 23.

Punjab National Bank rises for third straight session

Punjab National Bank announced the cessation of Vijay Dube, Executive Director of the Bank with effect from 01 September 2023 upon his superannuation on 31 August 2023. 

Punjab National Bank announces cessation of Executive Director 

Punjab National Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01 September 2023 as under:Overnight 8.15%One month 8.25%Three month 8.35%Six month 8.55%One year 8.65%Three year 8.95%

Punjab National Bank hikes MCLRs by 5 bps across tenors 

Sharekhan is bullish on Punjab National Bank has recommended buy rating on the stock with a target price of Rs 72 in its research report dated July 27, 2023.

Buy Punjab National Bank; target of Rs 72: Sharekhan

Motilal Oswal recommended Neutral rating on Punjab National Bank with a target price of Rs 65 in its research report dated July 26, 2023.

Neutral Punjab National Bank; target of Rs 65: Motilal Oswal

Analysts cited two reasons for the rise in the market capitalisation of state-owned banks without a corresponding increase in their share prices.

Public sector banks yet to regain all-time highs after recent rally, surge in m-cap

Punjab National Bank operates as a commercial bank. It operates through the following segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment includes the entire investment portfolio and trading in foreign exchange and derivative contracts. The Corporate/Wholesale Banking segment is comprised of the lending activities of borrowers having exposure of 7.50 Crores and above. The Retail Banking segment encompasses borrower accounts having exposure of less than 7.50 Crores. Its products include personal, corporate, international, and capital services. The company was founded by Punjab Keshari Lala Lajpat Rai on April 12, 1895 and is headquartered in New Delhi, India.

Watchers	3,401
52-Wk Low	34.25
52-Wk High	79.05

Market Cap	853.35B
Volume (M)	96.31M
52-Wk High	79.05
52-Wk Low	34.25

PNB.NSE Punjab National Bank

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