Punjab & Sind Bank looking solid as a tank. Punjab & Sind Bank Ltd. is engaged in the Business of Deposits, Loans & Advances and Remittances & Collections. Punjab & Sind Bank Ltd CMP is 44.45.
The Negative aspect of the company is moderate valuation (P.E. = 25.7). Company's Positive aspects low debt, zero promoter pledge, MFs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 45.50. Targets in the stock will be 47.25 and 50.70. The long-term target in the stock will be 53+. Stop loss in the stock should be maintained at Closing below 38.
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