Apr 4, 2024
Earlier this week, PSU bank stocks got a shot in the arm after experts noted that the favorable credit environment has bolstered the asset quality of select PSU banks.
Furthermore, there are some state-run lenders that are lagging by one to two years in their earnings recovery cycle.
Among the lot, Punjab National Bank (PNB) share price has gained the most ever since this update.
Apart from the positive sectoral update by brokerages, PNB share price is also gaining traction due to two other reasons.
In the past five days, PNB share price has rallied more than 15%, with most of the gains coming in…
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Source: https://www.equitymaster.com/detail.asp?date=04/04/2024&story=2&title=Why-PNB-Share-Price-is-Rising