The 1 reports from 1 analysts offering long term price targets for Punjab Fibres Ltd. have an average target of 37.00. The consensus estimate represents a downside of None% from the last price of None.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-08-25||Punjab Fibres Ltd. +||Prabhudas Lilladhar||37.00||Hold|
PNB earnings were in-line but remained modest despite support from better treasury gains & NII. Overall earnings picture post merger remains weak as large part of operating profits will be still utilized for higher provisions (i) for legacy accounts where PCR is at 65% and (ii) COVID impact provisions as moratorium remains high. CET-I at 9.4% may be on border levels, but any movement on non-core assets & better recoveries may help to sustain for...