PNB – Riding the PSU Bank Wave 🏦
Technical View:
PNB closed near ₹118 (+3.9%), continuing its higher-high structure.
The stock is above its short-term EMAs (₹113–₹115), showing bullish bias.
RSI trending up, suggesting further upside potential.
Fundamental View:
Strong earnings recovery, lower NPAs, and improving loan growth driving valuations.
NIMs remain healthy; GNPA ratio down to multi-year lows.
FY25E PE ~9x; ROE expected around 13–14%.
🎯 Target: ₹125–₹130 (+8–10%)
🛑 Stop-Loss: ₹112
📊 Bias: Bullish – PSU momentum play with improving fundamentals.
#FundamentalViews#TechnicalViews#TrendingSectors
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