- Punjab National Bank (PNB) is one of the top PSU stocks. They have one some miscalculation in past and the stock has been punished for the same.
- They have pulled up their socks now and are more prudent in doing business.
- The should see Profit for 2013-2014 to be around 14000 crores, which is there consistent 20% increase.
- Recommend to buy the stock at current market price around 710 for target of 940 in next 6 months.
Below are their past Financials
Annual results in brief
(Rs crore)
| Mar ' 12 | Mar ' 11 | Mar ' 10 | Mar ' 09 | Mar ' 08 | |
|---|---|---|---|---|---|
| Sales | 36,428.03 | 26,986.48 | 21,422.09 | 19,326.16 | 14,265.02 |
| Operating profit | 25,848.03 | 18,130.28 | 15,238.67 | 14,142.53 | 10,029.21 |
| Interest | 23,013.59 | 15,179.14 | 12,944.02 | 12,295.30 | 8,730.86 |
| Gross profit | 10,614.29 | 9,055.70 | 7,173.46 | 5,744.35 | 4,006.24 |
| EPS (Rs) | 144.00 | 139.94 | 123.86 | 98.03 | 64.98 |
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