PNB target price: Nuvama suggested a target of Rs 105 on the counter. The PNB stock closed at Rs 104.61 on Thursday. Despite lower RoA, PNB is trading at 1.3 times book value FY25E at a premium to peers that trade at time, Nuvama said
PNB: The PSU bank said it has issued and allotted Basel Ill Compliant Additional Tier-I Bonds at a coupon of 8.55 per cent per annum, aggregating to Rs 1,153 crore on private placement basis.