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PUNJAB NATIONAL BANKPUNJAB NATIONAL BANKPUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK

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PNB trade ideas

Punjab National Bank*Punjab National Bank* Inverse H&S Pattern: Weekly Basis Strong Price & Vol. BreakOut / BuiltUp *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot* Leading Indian PSB with 10,264 branches / 13,400 ATMs. NII grew 9.6% QoQ to 8,271cr in Q2FY23 (up 30% YoY), with increase in yield on Advances, Funds & Investments. NIM expanded 20bps QoQ to 3.1%. PAT was up 33.3% QoQ, but slumped 62.8% YoY owing to higher provisioning. GNPA/NNPA ratio stood at 10.5%/3.8% (vs. 11.3%/4.3% in Q1FY23) PCR improved 100bps QoQ to 84.0%. Slippage ratio down 40bps QoQ to 3.3%, Credit costs down 70bps QoQ to 1.8%. CAR was 14.7% / Tier-I ratio was 12.2%. *Concern:* NPA levels still very high vs. Peers. High provisioning & Weak ROE. *Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
NSE:PNBLong
by IdeasNeosagi
1
PNB Alert - Avoid Selling this quality stockLevel of Rs 44 in upcoming 3 trading sessions Strongly Standing on double technical Support & strong fundamentals i dont need to mention First Support at its Bullish trendline & second strongest 200DEMA Support which impossible to be broken for the stock with such strong fundamentals reasons as follows 1. PNB approving loans to farmers(country's backbone) on which it will earn phenomenal interest amount 2. Financial year 2021-22 india received total of 83 billion US dollar of FDI Which is going to be 100 billion US Dollar in upcoming year 2022-23 declared by indian government 3. PM Narendra Modi Launching 5G - Good for overall markets. There are many more reasons for Indian markets to move upside so stop overthinking of negatives... stay invested PNB soon touching its First TARGET of 54 RS
NSE:PNBLong
by Akash_Kendre
PNB What a strong support Pattern Even after witnessing huge Market Crash Punjab National Bank strongly held its roots, History of chart pattern clearly indicates that whenever the stock price touches the 200DEMA(Red line in chart above) the stock price Bounce upside with very strong volumes in upcoming sessions so this correction is seen as an healthy sign in journey of this National Bank towards Target of Rs 54 in medium to short term & Rs 81 in long term which are very easily achievable by this undervalued PSU Bank Happy investing...
NSE:PNBLong
by Akash_Kendre