Pending — not yet graded
“Upgraded PNB shares to 'Add' from 'Reduce' with a target price of ₹120, implying over 7% upside. The Q1 FY27 results beat estimates, driven by improving core operating performance and strengthening asset quality. Management's confidence in further margin improvement through FY27, aided by FCNR mobilisation, limits downside risk at current valuations.”
JM Financial Analysis’s track record: 4 graded calls · 95% CI 5–70%
Punjab National BankBullishCalled 21 Jul 2026
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