PNB stock quotes on 1ka10.com

Punjab National Bank has announced its first quarter results. The company's Q1 net profit at Rs 512 crore versus Rs 425 crore. Net interest income was up at Rs 1,444.8 crore from Rs 1,378.2 crore. Capital Adequacy Ratio stood at 12.3%. .NS

Buy Punjab National Bank with a target price of Rs 666. In 1st Q FY09, we expect that the bank's advances and deposits would grow by around 18% each (Y-o-Y); the bank's NII would grow by 15% (Y-o-Y) to Rs 15.85 billion. PNB's operating profit would record healthy growth of 12% (Y-o-Y) to Rs 10.5 billion due to marginal increase in operating overheads during the quarter.