PNB shares gain as net profit jumps 145%: Buy, sell or hold? Here's what brokerages suggest

PSU Bank Stock in Focus: The counter opened at Rs 102.05 - a gain of 3.4 per cent from the previous close of Rs 98.65 on the BSE. Last seen, the counter held firmly in green at Rs 100.30. The stock gained even as Sensex declined 322.24 points to 79,682.80 in early trade and Nifty was down 86.55 points to 24,252.60.

PSU Bank Stock in Focus:  Total income increased to Rs 34,447 crore during the quarter under review against Rs 29,383 crore in the same quarter last year, PNB said in a regulatory filing. Announcing the quarterly numbers, PNB managing director Atul Kumar Goel said, the combination of factors including growth improvement in business, net interest income recovery and containment in slippages led to 145 per cent jump in profit.

PSU Bank Stock in Focus: The stock of the Punjab National Bank is in focus after the strong quarterly results. But is this the right time to buy the counter? Here's what brokerages suggest.

PSU Bank Stock in Focus: JP Morgan has upgraded the rating from NEUTRAL to Overweight and has given a target of Rs 130. 

PSU Bank Stock in Focus: Jefferies has recommended a buy for the target of Rs 135. However, the old target of the analyst was Rs 150.

PSU Bank Stock in Focus: Morgan Stanley has maintained the Underweight rating and has raised the target to Rs 85 from Rs 73.

PSU Bank Stock in Focus: CITI has given a SELL rating and reduced the target from Rs 105 to Rs 96.

PSU Bank Stock in Focus: The counter has given a positive return of around 36 per cent in one year and 131 per cent in two years.  

PSU Bank Stock in Focus: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.