PNB rating: Reinstate ‘reduce’ with a fair value of Rs 33

We reinstate coverage on the stock with a ‘reduce’ rating and Rs 33 fair value, as we think SBI (buy) and BoB (add) offer better margins of safety within PSU banks.

from The Financial Express https://ift.tt/31pLhVZ
https://ift.tt/eA8V8J Kotak Institutional Equities